Budget Analysis 2023: Taking People for a Ride
Be it the Global Risk Report 2023 or the RBI’s own Financial Stability Report, everyone today acknowledges that the world is staring at a rather grim future, and India is not immune to the...
Who is going to fall? Gautam or Narendra?
Mr Gautam Adani who become the second-richest man due to the support of Mr Narendra Damodardas Modi (See Random Reflections – Why boycott Adani) is in deep trouble. Almost every bank in the country...
States cessed out
Cesses collected in early independent India were intended to aid the development of specific sectors. The different finance commissions from the Fourth Finance Commission disallowed the inclusion of cesses to the devolution pool as...
Trade deficit to touch all-time high of 7% of GDP in FY23
As India prepares for the next budget, here is another critical issue it needs to focus on: The galloping trade deficit. According to the First Advance Estimate (AE1), released earlier this month, the trade...
दशक का सबसे महत्वपूर्ण बजट | हमारा पैसा हमारा हिसाब
भारत की अर्थव्यवस्था एक नाज़ुक मोड़ पर है। आज हम जो रास्ता चुनेंगे वो आने वाले कई सालों तक हमारे भविष्य को दिशा देगा। न केवल भविष्य, बल्कि लाखों नागरिकों का वर्तमान भी इस...
Budget of the decade; will she remember the common people — for a change! THE MONEY TRAIL
The Money Trail Will our Finance Minister align with the common people this time? Will she accept that the economic slowdown is predominantly a demand crisis and not because corporates are not motivated enough?...
Systematically killing public sector banks: Pushing away people to money sharks
It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main changes that were done included a shift from class banking to mass...
‘Car economics’ to explain India’s skewed growth model
Somewhat like ‘thalinomics’ of Economic Survey of 2019-20 which measured household incomes and “dosa economics” of Raghuram Rajan in 2016 to explain inflation, ‘car economics’ explains the higher-growth-higher-inequality paradigm
Demand to scrap ‘unnecessary, potentially harmful’ large, new coal blocks’ auction
As many as 70 people’s movements, trade unions and civil society organisations (CSOs)* have asserted that India’s biggest ever coal mine auction, announced in November last year “will aggravate climate crisis” and “is against...
How the financial institutions are accomplices in Joshimath disaster | THE MONEY TRAIL
Warnings, protests, resignations and court cases have played out right before our eyes since the 1990s. But everybody acts surprised as the Joshimath town sinks.
India’s Biggest Ever Coal Mine Auction will Aggravate Climate Crisis; Is Against India’s Climate Pledges
The central government opening the biggest new coal mine auction, announced in November 2022, is a mockery of the Prime Minister’s own climate announcements at climate change summits, and an invitation to worsening the...
‘Mindless’ development model financed by top institutions ’caused Joshimath disaster’
In a statement signed by over 50 civil society organisations and concerned citizens, FAN believes, Joshimath Disaster is the”inevitable result of long neglect of scientific warnings, of gross financialization of nature and total lack...
Did the Supreme Court really vindicate the Modi government’s demonetisation decision?
The BJP is projecting this judgement as an endorsement of its move. But the court only commented on narrow point of the legality of demonetisation.
Joshimath Disaster
Joshimath woke up to large cracks on roads and houses with muddy water seeping from them, not in one or two but in over 600 houses! News media and portals are now calling it...
Time to press the panic button: Job loss is widespread and galloping
India has officially acknowledged that 62.5% of its population or 813.5 million people are extremely poor and need to be fed
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