6.The Congress-led government violated its own NCMP which had committed to reduce “the vulnerability of the financial system to the flow of speculative capital” and tried to lure the FIIs and other speculators through tax concessions and it failed to plug the Mauritius route, through which FIIs and MNCs evade Indian taxes.
The BJP’s economic policies [...]
BRITAIN IN RECESSION
Harsev Bains
There is an old saying that when the USA sneezes Britain catches cold!
Britain today is gripped by the very real danger of a prolonged and deep recession reminiscent of the depression of the 1930’s.
Businesses ranging from a one man operated small business to those employing thousands of workers are closing at the [...]
5.The stock market crash in India has occurred because of the Foreign Institutional Investors (FIIs) pulling out a whopping Rs. 78800 crore since the beginning of the financial crisis, causing the rupee to depreciate below Rs. 51 per dollar. This demonstrates the volatility of speculative capital flows by FIIs. Yet the Congress-led Government wanted to [...]
4.It is yet to even acknowledge the serious situation arising out of the plummeting prices of crops like cotton, rubber, coffee, tea, coconut, copra and groundnut, wheat and maize. Huge inflows of speculative finance into the commodity futures markets have led to sharp increases in commodity prices. Following the financial meltdown, prices are coming down [...]
3. With international oil prices falling to $45/barrel, the government cut the prices of aviation turbine fuel eleven times to bailout the private airlines; but petrol and diesel prices were reduced only twice and cooking gas only once.
The Congress-led government underplayed the massive job losses and pay cuts that are affecting workers and employees. [...]
The Congress-led UPA government has been on a denial mode vis-à-vis the impact of the economic crisis on India, claiming that the “fundamentals” are strong. This despite the hard facts that GDP growth has fallen to 5.3% in the third quarter (October-December 2008), with the agriculture and manufacturing sectors witnessing negative growth rates of 2.2% [...]
1.The adverse impact of the crisis is being felt in India through a downturn in industry and agriculture, massive job losses and plummeting crop prices. This global crisis is the end result of the imperialist globalisation process. The Congress, which had embraced imperialist globalisation and the neoliberal free market policies since 1991 and the BJP, [...]
Five common shortcomings of health-care delivery system
1..Inverse care:
People with the most means – whose needs for health care are often less – consume the most care, whereas those with the least means and greatest health problems consume the least. Public spending on health services most often benefits the rich more than the poor in high- [...]
Terrorism & National Security
Learning From The Mumbai Assault
Raghu
IN the aftermath of the horrific terrorist attack in Mumbai, it is only to be expected that a raging debate has erupted about national security and possible lapses. However, little light has been shed on systemic changes that are clearly required.
Much of the debate has been poorly informed [...]
Shining Haryana-Suffering Haryana-Health Front
The process of globalisation has lead to a situation where richest 20% of the population command 86% of the world GDP while the poorest 20% command merely 1(One) %. In other words this model of development and market oriented system, has divided the world in to “Shining World” [...]