CAPITALISM AND CLIMATE CHANGE CANNOT GO TOGETHER
Published 10-10-2019 09:14 GMT-0000
Big sister says her brother’s Brexit rhetoric is “reprehensible,” the British Prime Minister’s girlfriend will meet the whole family including brother Jo, who resigned from his ministerial post, citing “unresolvable tensions.” And now Old Man Stanley Johnson has joined the Extinction Rebellion “crusties” and a possible yoga session on Westminster Bridge.
CENTRAL BANK STILL ELUDES FROM BOOSTING CONSUMER SENTIMENT
Published 10-10-2019 09:12 GMT-0000
The Reserve Bank of India seems to have finally woken up to the all-pervading economic slowdown though it is still under the misconceived notion that mere lowering of interest rates will result in the revival of the economy. The CPI and other left parties have focussed on the inefficacy of this claim. They are certain that that however hard the RBI and its present governor try and bring down the repo rate to zero level, private investments and thereby revival of growth will not come into effect. Corporate houses everywhere in the world are pathologically inclined to reap profits at minimum risk level. Zero rates, of course, will be made use of fully by them to amass cheap funds to pay off old debts or lay foundation for more profitable new ventures or in accumulating more tangible assets. The central bank is only hoping against hope that economic revival will take place sans consumer spending.
LEFT AND DEMOCRATIC FORCES MUST FIGHT TOGETHER
Published 10-10-2019 09:09 GMT-0000
A calamity is hitting India today – calamity caused by corporate-communal fascism. This is being articulated aggressively by RSS. The recent speech made by RSS chief Mohan Bhagwat at Nagpur is an emphatic reiteration of this.
TUSSLE WITH BJP MIGHT GROW AFTER ASSEMBLY ELECTIONS
Published 10-10-2019 09:06 GMT-0000
Shiv Sena, founded by Hindutva mascot Bal Thackeray, has been BJP's one of the oldest allies — as both have a common ideology, Hindutva. Sena used to play the role of big brother with BJP agreeing to aid the former in Maharashtra, the state with the second largest shares of seats in both the houses of Lok Sabha and Rajya Sabha after Uttar Pradesh. However, the time has changed and it seems that Shiv Sena under Uddhav Thackeray, son of Bal Thackeray, has been forced to accept BJP as its big brother — as the party is contesting on 124 seats while BJP is testing its luck on 164 seats in the upcoming Maharashtra state elections.
NO EXPLAINING CAN UNDO THE DAMAGE
Published 09-10-2019 16:29 GMT-0000
For the man on the street, the lowest-rung government official often proves to be the highest governmental authority that he comes across. The average street vendor considers cop who comes to collect the hafta represents the law of the land, its systems and sometimes the tyranny.
AN ALLIANCE OF SOCIALIST PARTY AND LEFT IS POSSIBLE
Published 09-10-2019 16:25 GMT-0000
Results of Portugal’s general elections on October 6 in indicate that the centre-left Socialist Party has collected the most votes and is poised to continue in government for another four years, but the party will likely have to rely on the Left Bloc and the Communist Party to stay in power.
WAY CLEARED FOR MAJOR CONNECTIVITY BOOST IN THE REGION
Published 09-10-2019 16:23 GMT-0000
At a time when collective cooperation in the South Asian body, SAARC, is stalled due to the indifference of Pakistan, the bonhomie between India and Bangladesh has become necessary not only for the region but also for cooperation in the Indian Ocean rim and in bodies like BIMSTEC that connects South Asia to the ASEAN countries. Connectivity between the two countries can help in the prosperity and development of India’s remote north-eastern states. As the operationalisation of Bangladesh-Bhutan-India-Nepal (BBIN) for movement of goods and passengers between member countries is delayed, both the countries have agreed to work towards a bilateral India-Bangladesh Motor Vehicle Agreement. Similar arrangements can be made between member countries which are willing and ready.
TIME FOR NEW DELHI TO ASSESS OBJECTIVELY ITS DEFENCE PREPAREDNESS
Published 09-10-2019 16:20 GMT-0000
Defence Minister Rajnath Singh received the first Rafale Medium Multi-Role Combat Aircraft (MMRCA) in Paris on October 8, the foundation day of the Indian Air Force. The loyal mass media is eulogizing it as a “game changer” as Pakistan has no fighter aircraft comparable to Rafale. It should be borne in mind that Rafale was selected by the Congress-led UPA Government as far back as January, 2012. The contract was for 126 aircraft. Behind the whole media build-up over Rafale now, there is a not-so-subtle attempt at giving all the credit to the Modi Government, while the truth is that the decision to acquire Rafale was taken by the UPA.
MODI REGIME IS CLUELESS ON THE REAL REASONS
Published 09-10-2019 15:31 GMT-0000
Economic slowdown is affecting all sections of society. But corporate lobby and the rich are taking advantage of the slowdown to extract benefits and press for favourable structural changes from the government that they have helped to come to power. The government is either clueless about slowdown or was in denial mode for a long time but now has become proactive and extending benefits to corporates and rich, defending its policies by insisting that these concessions will encourage investment and generate employment.
MAMALLAPURAM SUMMIT EXPECTED TO CALM DOWN TEMPERATURES
Published 07-10-2019 14:26 GMT-0000
Mamallapuram, the ancient port town near Chennai, is getting ready to host the Chinese President XI Jinping for an informal summit with Prime Minister Narenda Modi this weekend (October 11-13). After winning his second term, Modi formally extended an invitation to Xi in June at the Bishkek summit of the Shanghai Cooperation Organization and the latter responded positively. The optics would show Modi receive Xi near the Arjuna Penance and the photo sessions would cover the Five Raths (chariots), Krishna’s butterball and the Shore Temple as they stroll along the premises.