Month: February 2015

Ruling Class

Union Budget 2015-’16 : ‘Comprehensive Bankruptcy Code’

Union Budget presented by Finance Minister Arun Jaitley displays total lack of concern for the concerns of the poor and labouring people while granting largesse to the corporate, domestic and foreign. The Budget has lived up to its billing of being corporate friendly. To prepare the ground for this, the GDP growth was shown to be high by changing the methods of calculation and the base year. Growth rate has been slated 7.4% due to these changes despite lower tax collections and sluggish domestic demand. All this is done to please foreign and domestic corporate. The Indian ruling classes throw the burden of difficult times on to the shoulders of the poor and middle classes while showering benefits during better times on the rich. Through this Budget Modi Govt. has tried to pay back its corporate patrons. The repeated moan of the Finance Minister of “drastically reduced fiscal space” has not prevented him from showering these benefits on the corporate.
The Govt. has made a lot of noise of development particularly of infrastructure sector. However, its execution has largely been left to private sector through PPP mode. PPP mode in infrastructure being an utter failure has been admitted by the Union Finance Minister who has now come up with the Govt.… Read More

Uncategorized

Railway Budget 2015-’16 pitches for Foreign Technology, Private Funding

Railway Budget for 2015-1016 presented by Union Minister for Railways, Suresh Prabhu, is short of any idea of how to address the woes faced by Indian Railways. He highlighted minor details while obfuscating the major aspects of the problems faced by the railways. He has prescribed a panacea of mobilization of funds through PPP mode, joint ventures, multilateral financial institutions and even pension funds. The Railway Minister even sought to dig into MPLAD funds and state budgets. With low budgetary support for plan expenditure all the plans announced by him sound hollow and only an act of playing to the gallery. Imitating Modi’s vacuous style by coining 4 goals, 5 drivers and 11 thrust areas, the Minister was woefully short of details of how to achieve them. In an attempt to mislead he compared his figures of plan expenditure with last year, which was a year of plan holiday.
Railway Budget reflects deep economic crisis plaguing Indian economy in meagre allocations despite crying need for improvement in passenger service by Indian railways. While lopsided emphasis has been placed on some select routes, the plight of passengers has been increasing on major passenger routes. Lack of adequate coaches force overcrowding to the physical extreme.… Read More

Labour Laws Trade Union

All-India Coal Strike – WORKERS STRIKE – UNIONS CAPITULATE

More than 90% of the around 4 lakh regular workers in the public sector coal industry i.e. various subsidiaries of Coal India Ltd.(CIL) in Jharkhand, Bengal, Odisha, Chattisgarh, Madhya Pradesh, Maharashtra and the Singareni Colliery Company Ltd.(SCCL) in Andhra Pradesh went on strike from 6th Jan.2015 in response to the five-day strike call initiated jointly by the 5 central trade unions recognized by the govt. in the coal industry (INTUC, BMS, HMS, AITUC, CITU) and supported by IFTU. The recognized union in SCCL which is linked to the TRS party however did not support the strike and the Telengana Govt. even resorted to repression with IFTU activists being arrested for picketing. Similarly in Bengal the Union linked to Trinamul Congress opposed the strike affecting the success of the strike initially.
Coal India management officials admitted a 75% loss of production. Continuation of the strike for the full period of 5 days could have seriously disrupted power supplies with more than 70% of the country’s electricity production being coal-based. However, despite massive support of the workers and continuing success of the strike even on the second day, 7th January, the 5 unions called off the strike that night following a meeting with the Coal Minister Shri Piyush Goyal and an “agreement” being reached.… Read More

Imperialism Ruling Class

RESULTS OF OBAMA’S VISIT TO INDIA (New Democracy News)

How Prime Minister Modi and his RSS-BJP Govt. bent over backwards to please the chief of the most powerful imperialist power, the biggest aggressor against the world people, is now known to everyone. No effort was spared to showcase personal bonhomie between US President Obama and Indian Prime Minister only to hide the unequal nature of the relationship between the two countries. It is well known how the weak take pride in their friendship with the strong only to cover up their weakness. However, when the results of the visit are analyzed it is obvious that the obvious has prevailed. The Indian Govt. has weakly succumbed to the demands of the powerful visitor.
The operationalization of US-India civil nuclear agreement has been much talked about and has clearly shown how little Indian rulers care about the law of the land and the right of the parliament to frame them. Modi, like his predecessor Manmohan Singh, termed this deal as the cornerstone of the US-India strategic partnership. But it is obvious that from the beginning this deal was, for the US, primarily an opportunity to sell its outdated and untested nuclear reactors to India at exorbitant costs. Indian rulers are bent on serving the interests of US MNCs by proposing to buy their reactors.… Read More

AIKMS CPI-ML Land Struggles

Tribal Convention held at Parvatipuram successfully

On 30th January 2015, nearly fifteen hundred tribals from various districts of Andhra Pradesh and Odisha border congregated in a rally and Convention at Parvatipuram to assert their rights over land, forest and natural resources. Under the banner of All India Kishan Mazdoor Sabha (AIKMS) and Lok Sangram Manch (LSM) the rally was started from the outskirts of the town and culminated at the convention hall, covering the main road of Parvatipuram enroute. Led by leaders of both the organizations, people marched raising slogans like ‘Give right over land’, ‘Repeal the anti tribal Land Acquisition Ordinance’, ‘Stop diluting Forest Rights Act to facilitate corporate loot of forest and its resources’, ‘Stop forcible displacement of tribals in the name of Pollavaram and bauxite mining’ ‘Resist the corporate driven attack on tribals’ rights by the Modi Govt’ etc.
The Convention began by 12 noon at the Rotary Hall where a Presidium consisting of Com. D. Suresh and Com. Kushnath Pradhan conducted the programme. After Com. Y. Sambasiva Rao, CCM of CPI(ML) New Democracy inaugurated the programme, one minute silence in the memory of martyrs of different tribal and peasant struggles was observed. In his inaugural speech Com. YSR said that revolutionary struggles of Naxalbari and Srikakulam had forced the Govt.… Read More