Privatisation of Public Sector Banks Would Run Counter to the Constitutional Obligation of the Government
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Privatisation of Public Sector Banks Would Run Counter to the Constitutional Obligation of the Government

The Finance Minister has announced that the government is going to privatise public sector banks in due course. A word of caution for the government about the far-reaching implications of privatising any PSU bank.

Despite Crucial Welfare Work, India’s ‘Scheme Workers’ Denied Dignified Employment Conditions
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Despite Crucial Welfare Work, India’s ‘Scheme Workers’ Denied Dignified Employment Conditions

While there has been no shortage of awards, gratitude and plaudits to these workers, they have been denied dignified working conditions since the inception of their employment.

Putting a Price on Water: Can Commodification Resolve a World Water Crisis?
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Putting a Price on Water: Can Commodification Resolve a World Water Crisis?

As a result of this, the world’s sources of freshwater, representing one of the planetary boundaries designated by natural science, are being monopolized as natural capital by relatively few companies who will be able to charge market rents for the ecosystem services.

Bank Privatization and the Never-finished Neoliberal Agenda
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Bank Privatization and the Never-finished Neoliberal Agenda

Successive governments with a neoliberal agenda have not been able to roll-back nationalization, even after thirty years. That fortuitous ‘failure’ shows that the criticism of public ownership of banking is misplaced, and that neoliberal policies have lost their legitimacy.