The Sensex, the Rupee, the FIIs and the RBI
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The Sensex, the Rupee, the FIIs and the RBI

There is a sense of panic gripping financial markets in India. The immediate causes are a combined slide of indices of stock markets and of the rupee vis-à-vis the US dollar. At the root of this problem is the hugely increased presence of foreign financial capital in India’s market. That consequence of financial liberalisation cannot be easily corrected.

The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’
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The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’

The price for the NPAs of the big corporates is ultimately paid by the aam aadmi. Given that such huge provisions for the NPAs tie up a large portion of funds, it in effect limits the credit available for lending to key sectors like agriculture or MSMEs.

Health and Education Outlays Cut in Budget 2024-25; NREGA Budget Stagnant
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Health and Education Outlays Cut in Budget 2024-25; NREGA Budget Stagnant

Budgets for most of the schemes and departments, such as education, health, social security pensions, and mid-day meals, are either stagnant or have increased only nominally. Accounting for inflation, the NREGA budget is effectively lower by ~Rs 4,000 crore compared to the FY2025 budget.

Union Budgets 2014 to 2024 – Article 9: The Agriculture Budget
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Union Budgets 2014 to 2024 – Article 9: The Agriculture Budget

In a recent speech, PM Modi stated that agriculture is at the centre of India’s economic policy. He also highlighted the initiatives being taken by his government in promoting natural and climate-resilient farming. We examine these claims in the context of the eleven budgets presented by the Modi government since 2014.

When Big Business Influences the State and Foreign Policy in India
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When Big Business Influences the State and Foreign Policy in India

Neoliberalism has empowered India’s big capital to control the state, reversing an earlier relationship. Capital, once subordinate and nationally defined, now dominates and defines the nation, using the state to advance its global business interests.

Vizag Steel: A People’s Steel Plant and the Struggle Against Privatisation
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Vizag Steel: A People’s Steel Plant and the Struggle Against Privatisation

Privatising Visakhapatnam Steel undermines the interests of Andhra Pradesh and the larger cause of social justice. For the past four years, the people of Andhra Pradesh and steel plant workers have waged a continuous struggle to protect it.