Economy in Shambles, But PM Asking Culprits for Solution!
| |

Economy in Shambles, But PM Asking Culprits for Solution!

Subodh Varma    In case you have been wondering why Prime Minister Narendra Modi has been so silent of late, not uttering a word about the CAA/NRC protests and police killings or the continuing horror in Delhi’s Jawaharlal Nehru University or the stream of numbers showing how the economy is in shambles, here is the…

A Self-Made Fiscal Trap
| |

A Self-Made Fiscal Trap

C.P. Chandrasekhar   In the Revised Estimates for 2018–19 reported in Budget 2019, the National Democratic Alliance (NDA) government had hugely inflated figures on Central revenues and expenditures in 2018–19. This was one of many signals that it was faced with a fiscal crisis it did not want to reveal. Matters have only worsened since…

If a Private Player Can Revive a PSU, Why Can’t Govt?
| |

If a Private Player Can Revive a PSU, Why Can’t Govt?

Prabhat Patnaik   (This is the second part of an article on the perversity of the neo-liberal fiscal regime. The first part of this article was published in the previous issue of Janata.)   Apart from defrauding the states of their legitimate share of resources, the second way in which the Centre is attempting to…

Telecom: License-to-Loot Raj
| |

Telecom: License-to-Loot Raj

Prabir Purkayastha   The major private operators in the telecom sector, along with the state-run ones, are currently reeling under a three-year price war with Reliance Jio. This has hit their profitability hard, with Jio buying its entry into the market with very low call and data charges, what others have termed as predatory pricing….

Neo-Liberal Regime’s Perversity
| |

Neo-Liberal Regime’s Perversity

Prabhat Patnaik   When income growth slows down in an economy, so does the growth of tax revenue within the given tax regime. Since the government has certain expenditure obligations, to meet these obligations it has to either impose additional taxes or expand its fiscal deficit.   Enlarging the fiscal deficit in such a situation,…

AIKSCC’s Call for Grameen Bharat Bandh on 8 January 2020
| |

AIKSCC’s Call for Grameen Bharat Bandh on 8 January 2020

Press Release   The All India Kisan Sangharsh Coordination Committee (AIKSCC), a platform of more than 250 farmer organisations, at its national convention in Delhi on 29–30 November 2019 gave a call for a Grameen Bharat Bandh on January 8, 2020, to protest the anti-farmer policies being adopted by governments.   Demands of Farmers  …

New IR Code Bill: Another Nail in the Coffin
| |

New IR Code Bill: Another Nail in the Coffin

Ronak Chhabra   After introducing starvation-level wages and removing protections available to the workers, the next target of the labour law codification is the trade unions and the industrial action. To tame the former and dismantle almost every possibility of the latter seems to be the objective of the reforms. This is how Prime Minister…

New Industrial Relations Law: Farewell to Job Security
| |

New Industrial Relations Law: Farewell to Job Security

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…

Jharkhand: Where Is the Mineral Wealth Going?
| |

Jharkhand: Where Is the Mineral Wealth Going?

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…

Pathetic State of Economy: Modi Govt Hides Data
| |

Pathetic State of Economy: Modi Govt Hides Data

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…