Ministers from Narendra Modi to Nirmala Sitaraman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India which estimated the second quarter GDP growth to have been -8.6 percent, has seen…
On the fourth anniversary of demonetization, Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country…
It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from…
The International Labour Organization (ILO) has for some months been bringing out a report that monitors the impact of the pandemic on the world economy, especially the labour-hours lost because of the lockdown and their ramifications. The statistics it provides…
Wealth distribution data are notoriously difficult to interpret. This is because variations in stock prices affect wealth distribution, so that a stock market boom suddenly makes the rich appear much richer, while a stock market collapse makes wealth distribution less…
A theoretical analysis of the prevailing situation, from which the proletariat’s relationship with different segments of the bourgeoisie and the peasantry is derived, and with it the Communist Party’s tactics towards other political forces, is central to the Party’s praxis.…
The three Agriculture bills rushed through parliament by the Modi government seek to bring peasant producers into direct contact with corporate buyers without any intervention by the state. The government suggests that intervention in the form of the Minimum Support…
Growth under capitalism is associated with an increase in absolute poverty. Marx had recognised this and expressed it as follows: “Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, the torment of labour, slavery,…
Federalism is one of the basic features of the Indian Constitution. In the Constituent Assembly Professor K.T.Shah wanted the term “federal”, together with the term “secular”, included in the Preamble itself, but Dr.Ambedkar rejected it on the grounds that the…
The two bills rammed through parliament last week were objectionable in every conceivable sense. The very fact of their being rammed through the Rajya Sabha, without being put to vote despite demands for a division, was grossly anti-democratic. The fact…
