As February ended, a stunned world tracked with disbelief the unwarranted war on Iran declared by the US under President Donald Trump and Israel under Prime Minister Benjamin Netanyahu. Aimed at ensuring externally engineered regime change justified on grounds that…
It is probably only to be expected that the official account, in the Finance Ministry’s justreleased Economic Survey 2025-26, would be generally upbeat about the Indian economy and the current policy direction of the Modi government. We have also come…
The idea that economic growth leads to more employment is at one level so obvious that it has become axiomatic among economists and policy makers. After all, higher production will require more inputs, and presumably labour is a crucial input…
Under late capitalism, there is an assault on the working people that is reminiscent of early capitalism and this assault is worldwide, not just in the third world but in the advanced capitalist countries as well. This assault is at…
Implicit in the Budget is the hope that tax concessions will result in spending and also reviving GDP growth, and ‘incentivising’ the corporate sector will revive private investment The background to Budget 2025-26, as presented even by the official Economic…
Well-known Marxist scholar, the late Amalendu Guha, had argued persuasively that in modern India there co-existed in the minds of the people a dual national consciousness: a local, regional-linguistic nationality consciousness, of being a Bengali, or a Tamil, or a…
A CHORUS of “establishment” voices, from consultancy firms to the financial press, has been demanding a boost to domestic consumption as a means of reviving the flagging growth rate of the Indian economy. The latest to join this chorus is…
THE imperialist countries led by the US have been imposing unilateral sanctions that do not have any backing from the United Nations against countries that dare to defy their diktat. According to one estimate almost one third of the countries…
The aim of all fascistic governments is to disempower the people; and the Modi government is no exception. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) which promised one member in every rural household a maximum of 100 days…
Hearing a petition on November 22 to remove the term “socialism” from the Preamble of the Indian Constitution, the Chief Justice of India made two significant observations: first, the term “socialism” in the Preamble of the Constitution is used not…
