-Newsclick.in Hatsun Agro Products doesn’t pay minimum wages despite a turnover of Rs 5,500 crore and forces employees to resign.  With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported a massive 25% increase in net profit for the second quarter as against the same period in the previous year. Around the time the company planned...

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

The newly released Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round) establishes the fact that the farm households are more and more relying on wage incomes instead of 'net incomes from crop cultivation' for their livelihoods. In Marxian lexicon, proletarisation (a term that we can loosely use for depeasantisation) refers to the process in which the farmers/ tillers are...

-Hindustan Times PM Modi, like many ministers, doesn’t have any stock market exposure and his investments continue to be in the form of National Savings Certificate ( ₹8.9 lakh), life insurance policies ( ₹1.5 lakh) and L&T infrastructure bonds, which he bought in 2012 for ₹20,000 Prime Minister Narendra Modi’s net worth is ₹3.07 crore as per his latest declaration, a rise of ₹22 lakh from last year’s ₹2.85 crore, according to...

-Macroscan.com/ Livemint.com There is a common trope, fed especially to generations born after 1991, that economic progress and modernization in India really occurred only after ‘liberalizing’ economic reforms were introduced three decades ago. This is a travesty of the truth. Certainly, conditions for most Indians have improved since that watershed year. Per capita income went up more rapidly than before, life expectancy went up, infant and maternal mortality decreased, income poverty...