Between, say December 25, 2019, and June 23, 2020, world crude (brent) oil prices have fallen by nearly 37 per cent. They had fallen by over 60 per cent between end-December and mid-April, but there has been some price-recovery since…
India’s central government was faced with a fiscal crisis even prior to the Covid-induced lockdown. Provisional estimates from the Controller General of Accounts of actual revenues collected in financial year 2019-20, or the fiscal year that ended March 2020, point…
Something very odd is happening in the United States. The coronavirus toll keeps rising with no end in sight. The economy has virtually collapsed with more than 40 million people filing for unemployment. Thousands are out on the streets protesting…
It is generally recognised that the Indian economy was already in a steep slowdown well before the Covid-19 pandemic and badly planned lockdown further destroyed economic activity. But what is possibly not so well understood that that a major reason…
The tropical region can grow a variety of crops which either cannot be grown at all, or for much of the year, in the cold temperate regions of the world where metropolitan capitalism is located. These include beverages, fibres, vegetables…
One of the most vocal critics of neoliberalism in general and the socioeconomic policies of India’s BJP-led Central government in particular, eminent economist Jayati Ghosh is known for her sharp and lucid views on social issues. In a conversation with…
While forecasters grapple with predictions on the likely contraction in the world’s leading economies, big finance, especially in the US, seems to be prematurely preparing for its next celebration. Recall that while the post-2008 Great Recession was precipitated by the…
The current predicaments faced by of India’s migrant labour - losing livelihood and shelter in urban areas as started with the 4-hour notice for a complete shutdown in response to the Pandemic - will remain as one of the worst…
There is a massive problem of external debt building up for the third world, of which the recent Argentine debt crisis was only one manifestation. At the root of the problem is the collapse of primary commodity prices in the…
Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. The informal rural economy has been hit…
