India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
Prabhat Patnaik Fifty years ago on July 19, 1969, fourteen large private banks had been nationalised. Ironically the Golden Jubilee of that event, which had been a significant step in the process of building up a new financial architecture for the country, is being celebrated today by trade unions in the banking sector but not…
Jorge Capelán and Stephen Sefton Forty years ago in 1979, a huge majority of Nicaraguans led by the Sandinista Front for National Liberation (FSLN) overthrew the cruelest dictatorship in the Americas, a close ally of the United States. Ever since then, the US government has worked to destroy the FSLN. For forty years they have…
Aseem Shrivastava A year in which the country celebrates the Mahatma’s 150th birth anniversary offers us a timely opportunity to consider his criticisms of modernity and juxtapose them with those of the other towering figure of his generation, Rabindranath Tagore, whose 78th death anniversary is on August 7. Much is made nowadays of the differences…
Courtesy: TruePublica It’s quite something to think of one simple statistic that sums up how much data is being processed about us—that ninety per cent of the world’s data was created in just the last two years. It has been calculated that each one of us with an internet connection is adding over 160 pieces…
In a bizarre turn of events, the labour minister in Modi government, Santosh Kumar Gangwar, announced at a press conference that the new floor level minimum wage for the country will be Rs 178 per day. This translates to Rs 4,628 per month. This is bizarre on several counts. First, the official declaration of the…
Make America Great Again (MAGA)? Don’t count on it. Donald Trump was partly voted into office by Americans who felt that the self-proclaimed greatest power on Earth was actually in decline—and they weren’t wrong. Trump is capable of tweeting many things, but none of those tweets will stop that process of decline, nor will a…
UN human rights experts (see below for details) have urged the Government of India to prevent the potential eviction of up to nine million people, most of whom are forest dwellers and members of scheduled tribes with an ancestral link to the land and forest. The threat of evictions follows a 13 February order by…
Who would have thought that, during the attempted coup d’état in Venezuela on January 23 and its immediate aftermath, Caracas would become, only five months later, the epicentre of the Latin American left? The XXV São Paulo Forum is planned for July 25–28 in the very Caracas that was supposed to be in the hands…
The continuous accumulation of carbon dioxide in the planet’s oceans—which shows no sign of stopping due to humanity’s relentless consumption of fossil fuels—is likely to trigger a chemical reaction in Earth’s carbon cycle similar to those which happened just before previous mass extinction events, according to a new study. MIT geophysics professor Daniel Rothman released…
It is clear by now that the figures provided in the 2019–20 budget are palpably unfounded. The budget has concealed the actual receipts and expenditures for 2018–19 even though these were available, because they show huge shortfalls compared to the budget estimates for that year. And all its estimates for 2019–20 are projections based on…
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