India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
JP Morgan has now decided to add Indian government bonds to its “emerging markets government bond index” (GBI-EM), starting in June 2024. The effects of this will be seen with a lag, over the next few years, but the impact will be far-reaching.
The SBI Research Dept recently issued a “Special Report on Agriculture” that claims that farmers’ income doubled in FY22 as compared to FY18 for certain crops in some states… while in all other cases it rose in the range of 1.3-1.7 times. An examination of some of the features of this report.
The Modi government has suddenly banned the export of wheat, after promoting it actively for two months. The debacle was not because of government incompetence, but the result of government’s neoliberal policy – withdrawal from procurement and the free hand given to private profiteers.
The Indian economy was already in crisis before the Ukraine War. However, the rulers are putting all the blame for this on the Ukraine war, an “act of God”, as it were. That provides them a ready alibi, and diverts from the already alarming condition of the people before the impact of the war.
With the massive depression of demand that has taken place due to the lockdowns and the Government’s refusal to spend, many rural households that were earlier struggling to keep from falling would have been pushed over the edge.
The absolute number of persons ‘employed’ in agriculture in 2019-20 rose a massive 17.3 per cent over the figure for 2018-19. But this is not a sign of prosperity but hardship.
It is not the kisans of Punjab who are responsible for the environmental damage being done by the present pattern of agriculture. What stands in the way of a solution is the rulers’ own determination to restructure India’s agriculture and food system in favour of imperialism.
The model the Modi Government is seeking to impose on Indian agriculture is similar to that imposed on Mexican agriculture since the onset of IMF-dictated ‘reforms’ in the 1980s.
Over the last two decades, international agencies and the Indian government have been preparing the ground for takeover of farmer lands by corporate houses. Towards this end, as the first step, the government is trying to establish a system of ‘conclusive titling’ of all land in the country.
Janata Weekly is India’s oldest independent socialist weekly.
Ever since its founding in 1946, Janata has voiced its principled dissent against all conduct and practice that is detrimental to the cherished values of nationalism, democracy, secularism and socialism, while upholding the integrity and the ethical norms of healthy journalism. For more than seventy years now, week after week, it has continued to analyse the changes taking place in the country and the world from a socialist standpoint, and thus promote the spread of socialist ideology in the country.
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