India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
The Harshad Mehta scam served as a stark warning against the perils of unregulated capitalism, but its message was overshadowed by the narrative of economic liberalisation. Post-liberalisation, India witnessed large-scale pilfering from state-owned banks, further eroding public trust in financial institutions.
Saturday marked 39 years of the horror when methyl isocyanate gas leaked from the Indian subsidiary of the now-defunct American firm Union Carbide Corporation killing thousands.
India’s former chief statistician says that the data on which India’s GDP is calculated is “a major concern”, and if not corrected soon, India’s GDP growth figures could become “unreliable”. He says that the Q1 GDP growth figure of 7.8% is an overestimation, and that 6.5% is more accurate.
Despite the successful rescue operation of 41 miners trapped in the Silkyara tunnel collapse, it is essential to understand the problems with the larger Char Dham project, to prevent similar disasters in the future.
States’ access to resources is seemingly conditional on having a “double-engine sarkar”, even as governments’ space for economic policy is shrinking.
The horrific accident in Balasore and the stampeded at Surat station are examples of misplaced priorities in the railways under the Modi government. The railways have promoted high-speed trains at the cost of ignoring important issues like safety, punctuality, availability of seats and revenue generation.
Few have tried to understand the significance of the free bus travel scheme that a handful of states have introduced. In Tamil Nadu the benefits for women have been definite and palpable, though issues like poor frequency of women-only buses need to be addressed.
Thousands of teachers work under the system with no job security. Now they fear that new changes will further damage their chances of securing permanent posts.
In 2016, the RBI had accurately predicted both the damage and the lack of benefit of the demonetisation. Was it heard? No.
‘New Estimates of Offshore Wealth Held by Indians’; Also: ‘How Much Indian Black Money Is Stashed Away in Swiss Banks? Nearly $1 Trillion, Says This Book’.
Help us increase our readership.
If you are enjoying reading Janata Weekly,
DO FORWARD THE WEEKLY MAIL to your mailing list and
invite people to subscribe for FREE!