India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
Subodh Varma Silently, indeed clandestinely, a major change has been brought about in the relations between employers and employees. This will affect not just crores of employees of all types—private or public sector, in industries or in services—but also future generations. Jobs are no longer going to be the same again, ever. On…
Jon Queally Nobel Prize winning economist Joseph Stiglitz is warning the world that unless the obsession many world leaders have with gross national product (GDP) comes to end, there will be little chance of adequately fighting back against the triple-threat of climate destruction, the scourge of financial inequality, and the crises of democracy now…
Subodh Varma According to various estimates, Jharkhand has 40% of the country’s mineral resources. It has 27.3 per cent of India’s coal reserves, 26 per cent of iron ore, 18.5 per cent copper ore, besides having deposits of uranium, mica, bauxite, granite, limestone, silver, graphite, magnetite and dolomite. It also has large quantities of…
Prabhat Patnaik The National Statistical Office (NSO) has decided not to release the quinquennial survey data on consumer expenditure for 2017–18. This is because these data, leaked by The Business Standard (November 15) show a drop of 3.7 per cent in real per capita consumer expenditure between 2011–12 and 2017–18, from Rs 1,501 per…
Gaurav Vivek Bhatnagar The Reserve Bank of India’s (RBI’s) repeated warnings on the electoral bond scheme in bearer form having the potential to increase black money circulation, money laundering, cross-border counterfeiting and forgery were ignored by the Centre as it was more keen on protecting the identity of donors, the Ministry of Finance’s responses…
Divya Guha It has come to light that according to its profit and loss statement for the quarter ended March 2019, Tata Consultancy Services donated Rs 220 crore to an unnamed beneficiary. This makes the infotech consultant the single largest political donor. TCS has outdone Prudent Electoral Trust, which supplied a total…
Subodh Varma It would have seemed natural—indeed, imperative—that, as India grapples with a deadly slowdown, with agricultural economy growing only at around 2% and rural joblessness hovering at a shocking 8%, the government would infuse some energy in the implementation of the rural jobs guarantee scheme (MGNREGA). This would put more money in the hands…
Courtesy: The Wire A recent working paper published by the Centre for Sustainable Employment, Azim Premji University has contested official claims on employment, showing an “unprecedented” fall in total employment from 2011–12 to 2017–18. Written by Santosh Mehrotra and Jajati K. Parida, the study says employment dropped by 9 million between these years—“for the first…
Prabhat Patnaik (This article was written before the Indian government announced that it was not joining the RCEP. It continues to be relevant, as there is enormous pressure on the government to join the trade agreement– Editor.) On October 24–25, there were widespread peasant protests all over the country against the Regional Comprehensive Economic Partnership…
Ingrid Harvold Kvangraven This week it was announced that Abhijit Banerjee, Esther Duflo and Michael Kremer won the Economics Nobel Prize (or more accurately: the ‘Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel’). The trio of economists were awarded the prize for “their experimental approach to alleviating global poverty”. On social media…
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