Withdrawal of Amendment to Factories Act ā Lesson for the Union Govt
The Tamil Nadu Government passed an amendment to the Factories Act
IDBI Privatisation: Betrayal with Parliamentary Mandate & Mandate of the Constitution
After getting independence in the year 1947, India adopted the process of planning for the economic development of the country. As soon as it became a republic, in 1950, the first five-year plan was...
IDBI Bank SaleāThe Height of MadnessĀ
When the Nobel Prize in Economics is awarded to economists for their work on āwhy banks should not be allowed to fail,ā the Union Government announced an Expression of Interest in selling IDBI Bank.
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.
RBI Bulletin- What did the media miss out?
It is surprising that none of these national newspapers noticed the footnote in the publication which said that this was not the opinion of the RBI.
How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe
A report presented by Poonam Gupta and Arvind Panagaraiya at the India Policy Forum 2022 on 12th July, is clearly a prescription for destroying the Indian Economy which is already on the verge of...
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 ārecord recoveryā from the pandemic. Finance Ministryās reportĀ claimed that armed with necessary macro and micro growth drivers, India...
LIC should run the IDBI bank and not some fortune seekers
In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers.
Why Talk of Privatisation When Public Sector Banks are Doing Excellent?
The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. The net profit increased by 109% to Rs.66,541 crore in 2022 and the operating...
From 16 Cr Jobs Promised in 8 Years, Only 10 L to Materialize in 18 months!
Mr Narendra Modi promised 2 crore jobs per year in 2014 itself. Now after 8 years, unemployment has increased in great proportions due to demonetisation, GST, lockdowns, contractualisation of labour and not filling up...
Each train in India is an Economic Unit ā The Govt is attempting to collapse it.
I was travelling from Chennai to Bhopal by Tamil Nadu Express, which is supposed to be a Superfast Express to attend the āAll India People's Science Congress.ā
World Bank aided privatisation and commercialisation – sectoral learnings from India
Note to the readers: This is a mildly edited transcript of the talk given by the author at the World Without World Bank Campaign Week in 2021 at a panel titled āPrivatisation, Commodification and...
Amidst Authoritarian Regimes, Terrible Labour Conditions &Ā 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. ErdoÄan in Turkey, Xi Jinping in China and Narendra Modi in India are glaring...
More Privatisation, less Accountability- How did the Indian Economy fare last month?
In pursuance of its policy of monetisation of national assets, the government earlier this month approved the setting up of the National Land Monetisation Corporation (NLMC). It would be a government-owned company with the...
National Monetization Pipeline: A Critical Evaluation
In August 2021 the NDA government unveiled its grand design to put chunks of the nationās public assets on lease for private profits. The plan has been named the National Monetization Pipeline, the idea...
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