India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
Tributes to Singh as a person are well-deserved, but the focus needs to be on his contributions to the nation’s journey. As an economist, he knew of the adverse impact of the paradigm shift he set in motion in 1991. It is an important reason why the Right has become such a dominant force in Indian politics and society.
The FM has made a huge increase in the Centre’s capital expenditure (capex) for four successive years. To compensate for the increase in capex, the FM needs to reduce the budget spending on some other heads. The axe has fallen on welfare spending on the poor.
The Indian economy is in deep crisis. Therefore, for the economy to have a sustained recovery, it is important that the government greatly increases its expenditure. In this article, we analyse the Modi Government’s budget outlays of the past 10 years.
Within the limited budget outlay, Finance Minister Nirmala Sitharaman has announced a hike in capital expenditure (or capex) — of 17.1 percent. This is the fourth year in succession that she has hiked capex. An increase in capex, without increasing budget outlay, is not going to lead to economic growth and employment generation. We discuss this in this article.
The long-term structural weakness in India’s balance of payments cannot be the sole determinant of the rupee’s movements. This view is strengthened by the evidence that during the recent fall in the value of the rupee vis-à-vis the dollar, it has actually appreciated relative to the currencies of other trading partners.
More than 24,000 ‘instructors’—teachers on contract—are paid Rs 7,000 per month to teach classes one to eight in Uttar Pradesh, making up 4% of government school teachers. Many now moonlight as salesmen, tailors, rickshaw drivers and workers in a state with India’s fifth lowest literacy rate.
In Ladakh, two drastically opposite visions of energy transition are colliding head-on. The first a grassroots, indigenous approach that emphasises on low-impact and socio-ecologically just energy practices; the other a government and corporate driven, technocratic vision pushing for large-scale energy infrastructure and critical mineral mining.
Official economists have been making strenuous attempts to show that a huge reduction in poverty has taken place in the country during the past 10 years. In this article, we first critically analyse these claims, and then present several other datasets about the real state of poverty and hunger levels in the country.
With the government assuming that India’s external sector situation is very comfortable, the FM’s budget speech does not contain even a single line regarding the external accounts situation of our country! In this fourth article of our budget analysis of the past 10 years, we discuss India’s external accounts situation.
Formed with the backing of employees dismissed in 2012, the Maruti Suzuki Non-permanent Workers Sangh will seek job security and better pay.
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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