NEW DELHI: The discussion on the Goods and Services Tax (GST) until now has focussed almost exclusively on the distribution of its burden across commodities, on the difficulties of meeting its stringent bureaucratic demands, and o .. Read More

PRABHAT PATNAIK

THE BULL IN A CHINA SHOP WRECKS INDIAN ECONOMY

PRABHAT PATNAIK

NEW DELHI: The BJP government, like a bull in a China shop, is wrecking the economy.

A neo-liberal regime, even at the best of times, i.e. even when the economy is booming, brings misery to the vast mass of the work... Read More

THE RBI REPORT AND THE TRUTH ABOUT DEMONETIZATION

PRABHAT PATNAIK

NEW DELHI: After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetized in November 2016, came back to the banking system.

Th... Read More

THE RBI REPORT AND THE TRUTH ABOUT DEMONETIZATION

PRABHAT PATNAIK

NEW DELHI: After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetized in November 2016, came back to the banking system.

Th... Read More

ECONOMY PLUNGING HEADLONG INTO RECESSION

PRABHAT PATNAIK

NEW DELHI: Volume II of the Economic Survey which was brought out by the Ministry of Finance a few days ago paints an extremely grim picture of the Indian economy.

The growth rate of real Gross Value Added ... Read More

ECONOMY PLUNGING HEADLONG INTO RECESSION

PRABHAT PATNAIK

NEW DELHI: Volume II of the Economic Survey which was brought out by the Ministry of Finance a few days ago paints an extremely grim picture of the Indian economy.

The growth rate of real Gross Value Added ... Read More

WHAT A VERY DANGEROUS ANALOGY

PRABHAT PATNAIK

NEW DELHI: Prime Minister Narendra Modi’s attempt to imitate Jawaharlal Nehru by giving a mid-night speech on July 1 at the Central Hall of Parliament, while inaugurating the Goods and Services Tax, could perhaps be passed o... Read More

GDP SLOWDOWN: A GOVERNMENT INCAPABLE OF THOUGHT

PRABHAT PATNAIK

NEW DELHI: When the CSO had released advance estimates of GDP for the October-December quarter of 2016-17, within which demonetization had occurred, the fact that the economy had still shown a 7 percent growth rate, had been an oc... Read More

GDP SLOWDOWN: A GOVERNMENT INCAPABLE OF THOUGHT

PRABHAT PATNAIK

NEW DELHI: When the CSO had released advance estimates of GDP for the October-December quarter of 2016-17, within which demonetization had occurred, the fact that the economy had still shown a 7 percent growth rate, had been an oc... Read More

3 YEARS OF PM MODI: A SIMPLE ARITHMETIC

PRABHAT PATNAIK

NEW DELHI: The Modi government is completing three years in office amid much fanfare and propaganda about its achievements during this period.

Aiding this propaganda is the advance estimate of GDP which projects a... Read More

THE NEFARIOUS MONEY BILLS !

PRABHAT PATNAIK

NEW DELHI: True to form, the BJP government is all set to change the texture of the Indian State into a snooping and terrorizing institution whose bonding with corporate capital will now get even closer and beyond any public scrut... Read More

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