-The Hindu The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence Central to the “reforms” introduced in 1991 was not a “retreat of the state” in favour of the “market” as is commonly supposed, but a change in the nature of the state. This change was not necessarily a conscious decision; it was...

-PTI Budget 2016: Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his third and challenging Budget tomorrow as he seeks to garner resources to boost public spending for higher growth amid global headwinds. On the income tax front, the Budget may continue with the status quo on the tax slabs while it may tinker with the exemptions. Rising...

-Hindustan Times The Chennai floods have thrown up some fundamental flaws in our system of urban planning. Across India, city after city has experienced floods, while some others live with the fear of impending disasters. In Mumbai, flooding was caused by wrong developments at the Bandra estuary and negligence along the Mithi river, and in Uttarakhand the disaster was caused by unplanned regional development and the unholy nexus between the land...

-The Hindu SJM leader says the nation is capable of growing on its own strength and capital With the Swadesh Jagran Manch, an RSS-front to espouse the cause of Swadeshi, questioning the NDA government’s relaxing of FDI norms in 15 sectors, the government is witnessing opposition from within Sangh Parivar circles to its bid to attract investment. Meanwhile, the Bharatiya Mazdoor Sangh (BMS) — the Sangh’s arm active among workers — has written...

-The Times of India A recent report by a data consultancy owned by the Financial Times of London created a stir by estimating that India is now the most favorite destination for foreign direct investment, beating China and the USA. The fine print indicates that they are talking about "estimated capital expenditures" in greenfield, that is, new ventures. By this estimate, India attracted $31 billion compared to China's $28 billion in...