India
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India: from loans to credit since 4000 years and the existence banks for 2500 years
24 February 2021 - by Eric Toussaint, Sushovan Dhar
The first credit in India dates back 4000 years. The existence of loans is proved to exist during the Vedic period, which is between 2000 and 1400 BC. The existence of banks in India dates back to 500 BC. A treatise on the art of politics of (...) -
Las lecciones de la lucha de los agricultores indios
1ro de febrero de 2021 - por Sushovan Dhar
La lucha de los agricultores y su avance parcial nos ha mostrado el camino. Movimientos fuertes desde abajo pueden servir potencialmente para enfrentarse al gigante Hinduvta que las alianzas electorales de último momento. ¿Cuál será el destino de (...) -
The lessons of the Indian farmers’ struggle
28 January 2021 - by Sushovan Dhar
The Farmers struggle and its partial advance has shown us the way. Strong movements from below can have the potential to take on the Hinduvta juggernaut much more than stitching electoral alliances. What will be the fate of this movement six (...) -
India: Long march to peasant unity
4 January 2021 - by Ranjini Basu
The unprecedented unity among peasant organisations is not a sudden development. It has been built over several struggles, which have expanded the base of the peasant and snowballed into the massive protests against the new farm laws. The (...) -
Micro credit : empowerment or victimisation?
10 December 2020 - by Sushovan Dhar, Sankha Subhra Biswas
The pandemic and the ensuing lock-down has hit India like never before. A report by K Chandra Shekhar and Kasif Mansorr from Azim Premji University states “According to the ILO report, in India, more than 400 million informal workers may get (...) -
Strengthening Agro-business Capitalism and Weakening Federalism
4 December 2020 - by Pritam Singh
India is currently rocked by farmer’s protest. Tens of thousands of farmers have surrounded India’s capital, New Delhi, where they intend to camp out for weeks to protest against the contentious new agricultural laws that could destroy their (...) -
Radical Socialist Statement on Hathras Caste Atrocity and the Babri Masjid Verdict
10 October 2020 - by Radical Socialist
On the 14th of September, a 19 year old woman of the Valmiki caste,was gang-raped and brutally assaulted by four Thakur men in Hathras, Uttar Pradesh. Her spine was broken, and her tongue cut out. Days later, she died in a hospital from the (...) -
The farcical Rupees (INR) 20 trillion ($265 billion) stimulus package
29 June 2020 - by Sankha Subhra Biswas
While the whole world is suffering from the COVID-19 pandemic with more than 10 million people affected by it, the economic crisis is more acute than ever. As a response, the governments of the developed as well as the developing countries came (...) -
The downward journey of stock markets, repurchase of shares and the story of fictitious capital
12 May 2020 - by Sankha Subhra Biswas
A severe crisis has gripped the world financial markets since early March 2020 and needless to say, India has not escaped this onslaught. The Indian stock markets are unable to halt this deep slide. On certain days the markets shows some (...) -
Coronavirus, fictitious capital and financial crisis
25 April 2020 - by Sankha Subhra Biswas
The world has seen a spectre of corona virus! This deadly virus has already affected 2.84 million people with a death toll of almost two hundred thousand around the world. The number of people affected in India are 24,942 out which 779 persons (...) -
Class Struggle, Environment and the Corona Virus Pandemic
22 April 2020 - by Kunal Chattopadhyay
The Corona virus threat has been declared a pandemic by the World Health Organisation. How not to respond to it from the left is easily seen, by apparently leftist posts circulating in social media (Facebook, WhatsApp, Twitter), which suddenly (...) -
As the World Bank Puts Aside Past Wisdom on Public Spending, Will Sri Lanka Pay Heed?
20 April 2020 - by Ahilan Kadirgamar, Devaka Gunawardena
The COVID-19 pandemic is changing the way we think about the world. Even neoliberal global institutions must reckon with the changes. The World Bank’s South Asia Focus Report on the impact of COVID-19 on South Asian economies that was released a (...) -
Le défaut de paiement de dette de Infrastructure Leasing & Financial Services (IL&FS) : Privatiser les profits, socialiser les pertes ?
31 décembre 2019 - par Sushovan Dhar
Même lorsque l’effondrement de Lehman Brothers a secoué l’ensemble du monde financier, les élites politiques indiennes et la classe capitaliste étaient tout à fait convaincues que la contagion ne se propagerait pas à l’Inde. Il est vrai que les banques (...) -
How Is The Agrarian Distress In Maharashtra Affecting Women
23 December 2019 - by Manjima Misra
The plight of farm widows remains underreported due to lack of data, dearth of special focus on the gendered dimension of agrarian distress, policy paralysis and apathy of government. Women from suicide affected agricultural households suffer on (...) -
Alert on the sophistication of illegitimate debt techniques via mobile telephony
8 November 2019 - by Eric Toussaint
In the era of widespread mobile telephony, we witnessed certain capitalist firms employing a sophistication of techniques to ensure the illegitimate debt of the lower classes. Kenya, a country of 50 million people, is considered to be at the (...) -
Corporate debt: the catalyst for the next crisis in India?
30 June 2019 - by Sushovan Dhar
According to IHS Markit, a London based information provider, India is going to overtake the UK, its former colonial ruler, to become the world’s fifth largest economy this year and is projected to outdo Japan to feature at the second position in (...) -
India and the Colonial Debt
4 April 2019 - by Sushovan Dhar
The English East India Company, as is well known, obtained, besides the political rule in India, the exclusive monopoly of the tea-trade, as well as of the Chinese trade in general, and of the transport of goods to and from Europe. But the (...) -
The US Supreme Court Judgment: A Challenge to World Bank’s unfettered immunity
31 March 2019 - by Sushovan Dhar
The verdict is finally out. On 27 February, in a historic 7-1 decision, the Supreme Court of the United States ruled that international organizations like the World Bank Group are not above immunity and can be sued in US courts. This was in (...) -
The Infrastructure Leasing & Financial Services (IL&FS) Debt Default: Privatize Profits, Socialize Losses?
15 January 2019 - by Sushovan Dhar
Even when the Lehman Brothers collapse shook the entire financial world, the Indian political elites and the capitalist class were quite confident that the contagion would not spread to India. True, the Indian banks and financial institutions (...) -
How Britain stole $45 trillion from India
31 December 2018 - by Jason Hickel
There is a story that is commonly told in Britain that the colonisation of India - as horrible as it may have been - was not of any major economic benefit to Britain itself. If anything, the administration of India was a cost to Britain. So the (...) -
Japanese Investor’s (JICA) Guidelines Violated in the Mumbai - Ahmedabad High-Speed Rail Project (MAHSR)
20 August 2018 - by Krishnakant, Rohit Prajapati
The Japanese Government’s investment agency, the Japan International Cooperation Agency (JICA) is signatory to the Memorandum of Understanding (MoU) with the Indian Government for the Mumbai-Ahmedabad High-Speed Rail Project (MAHSR), popularly (...) -
India: Bullet Train – Train with ‘Bullets’ i.e. ‘A Symbol of Violence, Absolute Force’
16 August 2018 - by Krishnakant, Rohit Prajapati
Our First Few Bullet Questions to the Modi Government: - Why is MoEF&CC absent while a foreign government agency is participating in Environmental Consultation? - Ongoing Consultation accepts the need for environmental concerns. Then, why (...) -
Report on CADTM activities in Sri Lanka and India, 6 - 19 April 2018
15 May 2018 - by Eric Toussaint
Several articles were published in French, English, Spanish and Portuguese on the CADTM website; they focused on the successful 7th regional workshop of CADTM South Asia, that was held in Colombo, Sri Lanka, from 6 to 8 April 2018. As Nathan (...) -
Éric Toussaint: “There is a disposition in the world’s masses for radical left proposals”
7 May 2018 - by Eric Toussaint
On 16 April 2018, Éric Toussaint was invited to speak about the role of the central banks and the banking sector at a seminar organised by Sampreeti – Sanskriti, a cultural association linked to the All India Reserve Bank Employees Association (...) -
India: Thriving Usury in Tirunelveli
23 April 2018 - by S. Aadhirai
The recent self-immolation of a family in Tamil Nadu drew widespread attention to the issue of usury prevalent in the state. Following a hearing on the depositions of 60 borrower victims at a people’s tribunal in Tirunelveli district, an attempt (...)
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