The current upsurge in prices in India is led by food prices. In July 2023 while retail inflation was 7.44 per cent (over July of the previous year), food price inflation, which covers all food items including foodgrains, vegetables, milk…
The sovereign debt crises confronting many low and middle income countries is now common knowledge and is frequently referred to by global policy makers—even though remarkably little is being done by the international powers-that-be to resolve these crises. The general…
The G-20 meeting in Delhi was occurring in the midst of an acute economic crisis of the world economy. The advanced capitalist economies are expected by the IMF to witness a growth slowdown from 2.7 per cent in 2022 to…
Liberal bourgeois writers tend to explain the problems that arise under capitalism not by the immanent tendencies of the system but by the capriciousness of particular governments. This way they can continue to believe in their own false theories that…
As news broke that the monsoon month August was the driest since 1901, when records began to be kept, fears of inflation gathered strength. At 161.7 mm across the country, rainfall that month was well below the previous record low…
At the Johannesburg summit of the BRICS countries, it was decided to expand the group beyond its original five, namely, Brazil, Russia, India, China and South Africa, to include six more countries. These are: Argentina, Egypt, Iran, Ethiopia, Saudi Arabia…
When BJP rule in the country is dead and gone, a good deal of the damage it has caused to the Indian society, polity and economy will no doubt be reversed. But there are at least two areas where such…
The dramatic increase in global oil and food prices from the start of the Ukraine War did not reflect real global supply shortages or demand-supply imbalances. Rather, it reflected the impact of market concentration and financial activity in commodity futures…
Much of the ex-colonial world, having set up dirigiste regimes to wrest control over its natural resources from metropolitan capital and to build up industries behind protectionist walls, was sought to be re-assimilated into imperialist hegemony through the neo-liberal economic…
On July 14 this year, the shaky government of a debt-stressed Pakistan, won itself a surprising reprieve. The country had experienced a collapse in foreign reserves to less than one month worth of imports and was on the verge of…
