Analysis

Draconian changes to India’s labour laws!

Labour “reforms” – India goes back in time

Given the COVID-19 situation, though not with the same enthusiasm, nevertheless the entire world celebrated workers May Day recently. Ironically, here in India in the same month of May, antithetical to the ideal of May Day the major states of India moved to destroy the hard-won gains of the working class. The states ruled by BJP have amended the labour laws heavily favouring the capitalist class. The other state governments in India are also planning to implement these draconian changes in labour laws. read more

Analysis

The Crisis of Indian Capitalism


The crisis of Indian Capitalism – Part 1

The buzz created by Modi’s announcement of 20 lakh crore*/** package didn’t last long. Very next day after the theatricality of announcing meagre contents of the package in 5 tranches to make it appear bigger was done on 17th May, the stock market crashed by 1000 points. Many articles and commentators have thoroughly exposed the package which is nothing but a hodgepodge of many irrelevant announcements meant to deliver an aggregated amount of 20 lakh crore. */** read more

News & Analysis

India: Huge ‘bad debt’ write-off for big business revealed


Image: Flikr/Wikimedia commons
A recent report that an enormous amount of taxpayers money is being used to bail out the bad debts of the super-rich has shocked workers and the poor in India, while the Modi government is refusing to spend enough to save lives during the covid-19 crisis. As this news emerged in response to RTI (right to information) query, the lives of the majority of workers and poor are devastated by the corona crisis, and many face starvation. read more

Analysis

India: Fighting the curse of capitalism and coronavirus


As is the case the world over, the coronavirus crisis has exposed all the inadequacies, incapacities, and the insoluble contradictions of India’s capitalist state. In popular terminology, India is labelled a “democracy” because the world’s ruling class wants people to believe that their system is thriving and going forward in every corner of the globe.
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Health

Joint statement in support of the Public Health Service Campaign.


Image Courtesy: Economic Times

Corona is certainly a dangerous Virus but the reason it has turned into a pandemic is certainly the making of capitalism. Decades of reckless policies of neo-liberalism led to constant neglect of public health care services to facilitate entry and expansion of private capital. It has turned even the basic health facilities into a profiteering business.
The fundamental antagonism between the interests of the capital and that of people has been most glaringly brought to the fore by the Supreme Court judgement last week (8th April) mandating testing of Corona cases to be carried out free of charge. Now even this decision has been reversed at the behest of central government paving the way for private labs to charge hefty money for Corona testing. This could have grave consequences considering acute lack of testing facilities on the one side and intense economic misery faced by the majority of India’s population. It is on this backdrop that many organizations and trade unions in Maharashtra came together to protest such a scandalous move by the central government demanding the immediate take over of private Hospitals and Laboratories.
This protest campaign initiated by New Socialist Alternative has produced a joint statement endorsed by participating Trade Unions and Peoples’ Organisations. We appeal to all Trade Unions, Left forces and progressive organisations across the country to endorse this joint appeal and help build a struggle against the bosses system that is out to profit out of peoples misery. read more