There has of late been an upsurge of extreme right-wing, fascist, semi-fascist or neo-fascist parties all over the world in a manner reminiscent of the 1930s. Fascist governments invariably serve the interests of monopoly capital in general, and of the…
International observers still view Asia and particularly East Asia as the most dynamic economic region in the world, a perception that has been even more entrenched over the period of the pandemic. Certainly, if aggregate GDP growth rates in real…
In a stealthy game played over two decades, corporate India is walking away with huge wealth transfers, largely from the public banking system. After much delay, the halting process of settling the bad debt of defaulting corporates using the Insolvency…
John Maynard Keynes was by far the most insightful bourgeois economist of the twentieth century. He could not afford to be a mere apologist of the system, since he was writing in the midst of the Great Depression and in…
The tax proposal decided at the G7 Finance Ministers’ meeting last weekend has been hailed as ‘historic’ and ‘transformative’. But in its present form, it is, unfortunately, neither. Major changes can and should be made — at least by the…
The NDA government has decided to further tighten its regulation of e-commerce, taking on in particular foreign giants like Amazon and Flipkart-Walmart, with implications for domestic organized retail majors like Reliance. The Department of Consumer Affairs in the Ministry of…
In mid-June, the National Company Law Tribunal (NCLT) approved a resolution plan for the Rs. 35,000 crore non-performing debt of Videocon Industries. The plan was a successful offer made by Twin Star Technologies, a Vedanta group company, and accepted by…
In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided…
In early June Finance Ministers and central bank governors of the G7 met over two days in London, as a prequel to the meeting of heads of states of the grouping a week later. The meet was of special significance.…
The G-7 meeting that has just concluded has promised to donate one billion doses of anti-Covid vaccine to the rest of the world, consisting primarily of the so-called “developing” countries. The US has promised 500 million doses, Britain 100 million…
