Comrade B.T. Ranadive used to reminisce that in pre-independence Bombay (as it was then called) there would occasionally be impressive workers’ strikes at the call of Communist-led trade unions which were powerful in the city at that time, at which…
True to form, the BJP government is all set to change the texture of the Indian State into a snooping and terrorising institution whose bonding with corporate capital will now get even closer and beyond any public scrutiny. And the…
It is commonplace to note that women tend to have low status and little autonomy over much of Indian society. This is reflected in many distressing features that have persisted and even intensified in recent years despite all the talk…
In his speech to BJP workers in Delhi after the Assembly election results had been declared, Narendra Modi announced that his policy henceforth would be to empower the poor by providing them with opportunities, instead of handing out doles to…
The author's bad bank proposal for India would be capitalised with zero coupon perpetual bonds the government would issue and would give the country some breathing time so that she can attack and tackle all her other problems. Click here…
There are many reasons to worry about and to be anguished by the communalisation of Indian politics and society that has proceeded apace over the last few decades. There is the general coarsening of the public discourse, which increasingly gets…
No discussion of South Korea’s dramatic transition from a poor underdeveloped country to a developed country member of the OECD club of rich nations can ignore the role of the chaebols—its ‘clans of wealth’. Consisting of a large number of…
Perhaps no other public policy debate in post-independence India has seen as much of an “inversion of reason” on the part of the government as the demonetization debate. When critics were pointing, on the basis of government statistics themselves, to…
The crisis created by non-performing assets (NPAs) on the balance sheets of commercial banks, especially public sector (PSBs), does not go away. It only intensifies. An environment that triggered large inflows of foreign capital and a surge in credit after…
Finance capital is always opposed to the use of fiscal measures for stimulating an economy. This is because any such fiscal stimulation undermines the social legitimacy of capitalism, and especially of that segment of it which constitutes the world of…
