India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
It is ironical that the Narendra Modi government, which never tires of reminding everybody about their nationalism and patriotism, is actually following an economic policy of selling off the country’s national resources to foreign companies. It recently announced measures of easing foreign direct investment (FDI) in coal mining and associated infrastructure, contract manufacturing, single brand…
Recently, the Federal Reserve of the USA released a new data series called the Distributive Financial Accounts, which provide quarterly estimates of the distribution of wealth in America. The series goes back to 1989, and runs to the fourth quarter of 2018. The insights of this new data series are many, but for this…
Suddenly, it seems like everything is shrinking in India: Our capacity for tolerance and diversity, the space for democratic expression and dissent—and now, economic growth. The warning signs have reached a point where they cannot be ignored any longer, and more people, including prominent business leaders, are speaking out. Yet, at least overtly, the government…
16 August, 2019: Markets around the world fell yesterday in response to the biggest fall on Wall Street for the year on August 14, amid further indications from bond markets and production data that the global economy is moving into recession. In response to the Wall Street decline, markets in Asia fell, with Japan’s Topix…
Neeti Biyani and Sakshi Rai Income and wealth inequality in India is deepening. The current regime, despite its promises to tackle black money, has chosen a contradictory course of action which has bolstered financial secrecy in the country, further widening already existing structural inequalities. The extent of income and wealth inequality in India is…
Prabhat Patnaik Fifty years ago on July 19, 1969, fourteen large private banks had been nationalised. Ironically the Golden Jubilee of that event, which had been a significant step in the process of building up a new financial architecture for the country, is being celebrated today by trade unions in the banking sector but not…
In a bizarre turn of events, the labour minister in Modi government, Santosh Kumar Gangwar, announced at a press conference that the new floor level minimum wage for the country will be Rs 178 per day. This translates to Rs 4,628 per month. This is bizarre on several counts. First, the official declaration of the…
It is clear by now that the figures provided in the 2019–20 budget are palpably unfounded. The budget has concealed the actual receipts and expenditures for 2018–19 even though these were available, because they show huge shortfalls compared to the budget estimates for that year. And all its estimates for 2019–20 are projections based on…
An Economic Survey is a document that surveys the economy in the financial year just past. So, it lists the issues confronting the economy and gives prescriptions for how to tackle these problems. Usually the solutions to the problems are presented in the Budget since resolution of problems requires allocation of resources which can only…
The debate over inequality has become hotter world-wide. While Trump had introduced substantial tax cuts for the rich in 2017, and Britain’s Boris Johnson, the front-runner to succeed Teresa May, has promised to do the same if he becomes Prime Minister, there are strong proposals for taxing the rich which have also been mooted. Bernie…
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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