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India

Ajay Banga, the World Bank and the India story...

22 June 2023 - by Sushovan Dhar

Ajay Banga, who brought KFC and Pizza Hut to India and made around INR 5.2 billion a day, took charge of the World Bank early this month. He has been greeted from all quarters. “The Board looks forward to working with Banga on the World Bank (...)
3 questions to Sushovan Dhar on the disastrous train accident in India

22 June 2023 - by Sushovan Dhar, Robin Delobel

The fatal train disaster in the eastern state of Odisha on June 2 is the country’s worst in more than 25 years. Indian Prime Minister Modi has blamed the local railway employees, as was done in Greece after the recent accident. However, can the (...)
The perilous lives of Indian workers

12 May 2023 - by Sushovan Dhar, Hitesh Potdar

With economic growth and industrial progress, India has witnessed an unfortunate consequence: a disturbing rise in workplace accidents. Countless lives are lost or irreversibly altered due to inadequate occupational safety measures and hazardous (...)
Microfinance Institutions in West Bengal: A Death Trap?

13 April 2023 - by Madhu Sudan Chatterjee

The word ’Sir’ in some areas of West Bengal represents officers of microfinance institutions (MFIs) who come to collect money from low-income families. If these families cannot pay, they are allegedly met with continued threats. In some ways, (...)
India : debt, banking crisis,...

10 January 2023 - by Eric Toussaint, Sushovan Dhar

Sushovan Dhar is interviewed by Eric Toussaint about the debt situation and the banking crisis in India, and other topics. Eric Toussaint : In your presentation at the 9th CADTM South Asia Conference in Colombo you explained that India’s real (...)
Private Debt in India : Current trends in the context of COVID-19 Pandemic

8 December 2022 - by Chinmayi Naik

Chinmayi Naik (Working Peoples’ Coalition in India) was one of the CADTM delegates at the 9th CADTM South Asia meeting in Colombo, Sri Lanka (2nd - 4th december 2022) . She made a presentation about the state of private debt in the context of (...)
Bank Privatization and the Never-finished Neoliberal Agenda

25 October 2022 - by C P Chandrasekhar

The long-standing debate on whether India’s public sector banks should be privatized has resurfaced in recent days. Two articles, besides numerous statements from advocates of ‘reform’, triggered this round of debate—one wittingly and the other, (...)
The G7 prepares a divide-and-conquer trap, as BRICS countries spall, fall and try to reconstitute

24 June 2022 - by Patrick Bond

On Friday June 24, a hasty one-day virtual summit of the Brazil-Russia-India-China-South Africa will occur, hosted by Xi Jinping. The date is important because on Monday June 26, two of the three intrinsically pro-Western leaders from the bloc – (...)
Indian farmers script a victory

8 December 2021 - by Sushovan Dhar

Millions of Indians were greeted by pleasant news on 19 November as Narendra Modi, the Indian Prime Minister, announced his government’s intention to repeal the three contentious Farm Bills which were intended to ‘fix’ the country’s ailing (...)
How the farm reforms will destroy India’s farmers and food security?

16 October 2021 - by Tanmoy Ibrahim

A massive wave of farmers’ protest movements against the anti-farmer agriculture bills and amendment to the Essential Commodities Act, 1955, has stunned Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP), as it couldn’t believe that a mass (...)
[VIDEO] FESTIVAL SESSIONS: Growing private debt, vulnerability and inequality in South Asia

7 September 2021 - by Farooq Tariq , Sushovan Dhar, Amali Wedagedara, Nalini Ratnarajah

Presented by: South Asia Alliance for Poverty Eradication (SAAPE), Progressive Plantation Workers Union (PPWU) India, Manitham Trust India, Bangladesh Nari Progati Sangh (BNPS), South Asia Tax and Fiscal Justice Alliance (SATaFJA). Session is (...)
Farmers mobilisation in the backdrop of an agrarian crisis

21 May 2021 - by Sushovan Dhar

The agricultural laws proposed in 2020 by India’s ruling Bharatiya Janata Party (BJP) government - the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, the Farmers (Empowerment and Protection) Agreement on Price Assurance and (...)
Peasant Struggles in India, a Feminist Perspective

2 April 2021 - by Archana Prasad

Archana Prasad spoke with Capire about women’s work and lives in India and the struggles against corporate power and right-wing policies Archana Prasad is a professor at the Centre for Informal Sector & Labour Studies at the Jawaharlal (...)
India: Proposals against new attempts to privatise state-owned banks

11 March 2021 - by Eric Toussaint, Sushovan Dhar

Public sector banks account for more than two-thirds of the banking market in India. Currently, they are subjected to a systematic smear campaign launched by the reactionary Narendra Modi government, big media including the international press (...)
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 (...)