-NetworkIdeas.org In a move that was expected, the US Justice Department has filed an anti-trust lawsuit against internet search giant Google, alleging that it resorts to anti-competitive practices to ensure its dominance in the search engine space and, through that, over the related online advertising revenues. As a leading example the case cites the successful effort to exclude the competition through a deal, in place since 2005, in which Google pays...
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Wealth Inequality in a Capitalist Society -Prabhat Patnaik
-Newsclick.in Two taxes – inheritance and wealth -- alone, levied only on the top 1% of the population, would be enough to fetch Rs.14.67 lakh crore. It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from the truth; indeed the acquisition of...
More »Ventilators from firms funded by PM CARES fail trials -Priscilla Jebaraj
-The Hindu 2 companies that got ₹22 cr. advance in May later dropped from Ministry list. Two firms given purchase orders for indigenously manufactured ventilators for COVID-19 treatment funded by PM-CARES have failed a clinical evaluation by the Health Ministry’s technical committee, according to information accessed through the Right to Information (RTI) Act. The firms — Jyoti CNC Automation and Andhra Pradesh MedTech Zone (AMTZ) — had already received ₹22.5 crore in advance...
More »Coronavirus: 54% of Indian firms can’t support work from home, says report
-Hindustan Times A report by Gartner, a leading IT service management company, says that 54 per cent of the companies in India do not have enough technology and resources for employees to work to home. While companies across the world mull over having their employees log in from home in the wake of the coronavirus scare, a report suggests that for many companies in India, this might just be a distant dream. Please...
More »Fasal Bima, a story of dashed hopes -Radheshyam Jadhav
-The Hindu Business Line Farmers, reeling under crop losses, feel the Centre’s crop insurance scheme is merely helping insurance firms make profits. Radheshyam Jadhav reports After completing his graduation, Ramkisan Nirmal took up a challenge. Unlike other youths who prefer to migrate to nearby cities in search of jobs, Ramkisan dreamed of becoming a farmer and prove that with modern technology and efforts, agriculture could become a profitable venture. In his drought-prone village...
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