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...
When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be allowed to fail,” the Union Government announced an Expression of Interest in selling IDBI Bank.
The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.
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.
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...
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...
In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers.
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...
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...
I was travelling from Chennai to Bhopal by Tamil Nadu Express, which is supposed to be a Superfast Express to attend the ‘All India People's Science Congress.’
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 “Privatisation, Commodification and...
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...
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...
In August 2021 the NDA government unveiled its grand design to put chunks of the nation’s public assets on lease for private profits. The plan has been named the National Monetization Pipeline, the idea...
Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey...