-Hindustan Times The note, which has Been reviewed by HT, paints a grim picture of the global economy going forward, does not rule out something like the Great Depression of the 1930s, and sees a rise in poverty, unemployment and debt. The Covid-19 pandemic will transform the global economic order for worse, with a “market subverting” China emerging as the alternative pole to the US, says a background note of the Niti...
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The anatomy of a stock market bubble staring India in the face -Vivek Kaul
-Livemint.com Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999. The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels....
More »Farm Laws: How Bihar’s Peasantry was Pushed to the Brink after APMCs were Scrapped -Tarique Anwar
-Newsclick.in Eradication of the APMC-regulated mandi system and the entry of private players led the farming community to losing a favourable marketplace. Farmers were left with no option but to sell their produce to private procurers at throwaway prices. New Delhi: The nationwide protests against the three contentious Farm Laws enacted by the Centre has brought Bihar into focus. It is a state where new regulations for agricultural produce and its storage,...
More »A Death Warrant Against Farmers -Bhabani Shankar Nayak
-TheCitizen.in 90% rise in Indian billionaires’ wealth There has Been a 90% rise in Indian billionaires’ wealth over past decade. It is not accidental. The BJP led government reduced corporate income tax from 30 to 22 percent starting from the financial year 2019/20. New corporates established in India after October 2019 will only pay 15 percent. It has also provided many other opportunities, incentives and foregoing exemptions to corporations. Meanwhile the Union government...
More »Finance Ministry Had Endorsed Mandi Tax, Which BJP Is Criticising to Counter Protests -Dheeraj Mishra
-TheWire.in The finance ministry had said, "Market fee is not a tax and the concerned APMC provides facilities in mandis in exchange for the amount." New Delhi: Amid the raging protests against the disputed agrarian laws passed by the Centre, a far more widespread and deeper controversy has emerged over the taxes levied across state agricultural markets. Members of the ruling Bharatiya Janata Party have Been criticising the Agricultural Produce Market Committee tax...
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