-Hindustan Times Those sympathetic to the establishment argue that had it not been for the second wave, the economy would have been in a much better shape. Those who disagree claim that even the sequential recovery which was achieved was profit-led and inequality-generating in nature On June 28, finance minister Nirmala Sitharaman announced an economic package to deal with the adverse effects of the second wave of the pandemic. The contours of...
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G7 Corporate Tax Deal -- Setting the Bar Too Low? -Shinzani Jain
-Newsclick.in Finance ministers from G7 countries have agreed on a deal to check tax avoidance by the biggest multinational conglomerations. How the G20 reacts to this accord and how these plans are implemented, remains to be seen. A recent report by ProPublica has revealed how multibillionaires from the US, including Amazon’s Jeff Bezos, Tesla’s Elon Musk, Microsoft’s Bill Gates and Facebook’s Mark Zuckerberg, among others, have managed to avoid paying federal taxes...
More »The Myth Of ‘Ethical’ Fashion: How a Multinational Clothing Brand Neglected its Women Workers -Swathi Shivanand
-TheWire.in The COVID-19 pandemic has been used as an excuse to hide anti-worker actions by apparel brands and their supplier factories. “Where are you hiding, H&M?… If you don’t come out and stand with us now, it means you are complicit in union busting and closure of the company. Your Profits are made on the sweat of our labour…Please ask Gokaldas to reopen the factory.“ On 7, July 2020 Shobha, a laid-off worker...
More »The Proposal for a Minimum Global Corporate Tax Rate -Prabhat Patnaik
-NetworkIdeas.org Following its $1.9 trillion Covid-relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion. But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a...
More »First they laughed at her, now they follow her -IVNP Prasad Babu
-The New Indian Express At the age of 27, K Rajitha, who grows 10 different crops in her one acre of land at Naguluppalapadu, has become a role model for the local farming community. ONGOLE: At the age of 27, K Rajitha, who grows 10 different crops in her one acre of land at Naguluppalapadu, has become a role model for the local farming community. Reason: She has adopted the Zero Budget...
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