Views That Matter

While this may serve the government’s immediate political calculations, it does little if not nothing to arrest the downward spiral of the economy.
The estimates of number of migrants who returned to their native villages due to the lockdown vary between 50 lakhs and 3 crores. They do not have ration cards and are not covered by any other welfare schemes in these cities, and were the most vulnerable sections in the cities. This large scale...
This is the third article in the series on the ongoing economic crisis
The Indian economy was already experiencing declining growth when the pandemic arrived. Big business complained of the collapse in demand not only for automobiles but even fast-moving consumer goods like biscuits. The Modi government was in denial, but nevertheless announced several concessions for...
Joblessness is death by a million cuts, although it is often treated only as an uncomfortable statistic by neoliberal economists and bureaucrats. The staggering scale of unemployment in India before, during and after the lockdown means that crores of people, and their families, are barely able to...
The working class of this country has to understand the reality behind the claims of the Finance Minister, forge an all-in-unity and resist the pro-corporate policies of this Government.
In his speech yesterday, PM Modi made several claims about the relief programmes of the government over the last three months. There is no denying that whatever assistance reached the people during these trying times would have brought some relief. However, true to his image, the Prime Minister...
What scares the Modi government is that even if they clamour for or accept higher levels of expenditure today, international finance and the domestic big business interests will neither spare it for long if the fiscal deficit increases and nor will they want to pay the taxes tomorrow to reduce it....
The situation of Indian economy and government’s finance was already precarious when the Coronavirus pandemic hit India. In that context, one of the few things that could be seen as a silver lining was that the government was sitting on massive stocks of foodgrain.
[The first part of this paper dealt with the impact of COVID-19 Lockdown on agricultural production, markets and public procurement. In the second part, we deal with the crisis of rural employment.]