Recession – What India should do?
Contrary to the claims of the Finance Minister, India is in recession. Even the RBI agrees. Inequality is on the rise. From jobless growth, we are in 'job loss' growth. Study after study confirms...
Why are two Indias growing further apart?
In more recent times, it is strong rise in financial assets, aided by fiscal and monetary support to businesses in response to the pandemic crisis, which has led to a sharper rise in inequality
Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?
The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.
India’s demographic curse in waiting
Human capital development is critical for the growth and development of any economy, but that is where India remains a global outlier, in spite of having entered the “Amrit Kaal” and becoming the fifth-largest...
How the row over ‘freebies’ hides India’s failure to meet the basic needs of its citizens
While it targets welfare schemes, the Union government has also written off crores in outstanding loans for India’s rich and given huge corporate tax rebates.
Lies, Despair and a Grotesque Inequality Plagues Indian Economy Today
We witnessed an infantile jubilance on the part of the government since last year about a “record recovery” from the pandemic. Finance Ministry’s report claimed that armed with necessary macro and micro growth drivers, India...
Tax The Top 1% Now | The Money Trail
When the entire country was reeling under economic pressure, the super-rich still made profits. It's time the people ask for their due share.
Amidst Authoritarian Regimes, Terrible Labour Conditions & Privatization, What’s the Future of our Youth?
Across the globe, we are seeing a rise in authoritarian regimes. Vladimir Putin in Russia, Jair Bolsonaro in Brazil, R.T. Erdoğan in Turkey, Xi Jinping in China and Narendra Modi in India are glaring...
Why low tax for the rich means high tax & lower Govt support for the poor
The Indian tax system has been regressive for long with direct tax contributing less than indirect tax – contrary to what happens in developed economies. It is also known that tax incentives benefit corporates...
Time to End Inequality; Citizens want Governments to listen
The top 1% holds over four times the wealth held by 953 million people (or the bottom 70% of the population). Despite the global market downturn, the rank of India’s super-rich continues to swell....
Global Mass Protests: Why the Ubiquitous Outrage?
To quote the Political Science professor, Robert O’Brien, at the McMaster University in Hamilton, “the world is at a high level of protest right now”. He further adds that he can witness “a dissatisfaction...
Wealth of Top 1% Indians increased by 39%, and that of bottom 50% at 3%
It is a good time for the rich in India. India added 18 new billionaires last year raising their number to 119. Their wealth increased by 35 per cent last year – Rs 2200...
IMF Violates International Human Rights Laws: UN Human Rights Experts
Several UN human rights experts last month wrote an open letter to the Executive Board of the International Monetary Fund to express their dismay about the general approach of the IMF to social security reforms that has...