ECONOMISTS distinguish between two kinds of inflation: “demand-pull” and “cost-push”. Demand-pull inflation is said to occur when there is excess demand in a situation where supply cannot be augmented, because full capacity output has been reached in one or more crucial sectors. War-time inflation is a classic example.
THE government celebrated ‘Azadi ka Amrit Mahotsav’ to mark 75 years of India’s Independence in a big way. Like many other burning issues of the people, the major issue of road accidents/fatalities and the miseries of the victims and their families was also ignored or sidelined. The government has recently released the statistics and an analysis report on road accidents.India stands number one in the world in road accidents and related deaths. As many as 1,31,714 persons were killed and 3,48,279 injured due to road accidents in 2020.
PROFESSOR Abhijit Sen, renowned economist, expert on agriculture, rural economy and planning passed away after a brief illness on August 29. We extend condolences to his family and friends.Prof. Abhijit Sen had a long academic career spanning over four decades.
ON the last day of his tenure as chief justice on August 26, Justice Ramana referred the pleas on political parties promising freebies to a three-judge bench to be decided by the new chief justice of India. The Supreme Court, getting into the freebies issue, is an example of misplaced priorities and entering into an area which is not the business of the higher judiciary.Prime Minister Narendra Modi stoked the issue of freebies when he derided the ‘revdi’ culture and blamed the opposition for it in a public meeting in July. A public interest litigation petition was filed by a Delhi BJP lea
CRORES of Indian rupee notes and quasi-equivalent amounts of gold jewellery are found in the properties of former state education minister, Partha Chatterjee and his ‘khaas’ emissary Arpita Mukherjee. This year the month of July took the attention over anything in West Bengal as the ‘eyes wide shut’ of the intelligence regarding the loot of people’s assets moved to ‘do something' about it.
IN the first week of the Monsoon session, both Houses of Parliament witnessed adjournment as the Left and other Opposition MPs demanded suspension of listed business to discuss issues such as spiralling inflation and enhanced GST rates on many essential commodities, the Agnipath scheme and growing autocracy.
“THEY may take my life, but I will not go. I will not leave my father’s land. All that I have in the world is here,” declared Sohagini Saren. She was not alone. Many more villagers present in Suvarna Vanik Samaj Hall in Kolkata on Wednesday, August 3, expressed their determination to fight to the end to protect their land and livelihood, under threat because of the Deucha Pachami coal block project.
THE Godavari River created havoc flooding vast areas from July 9 to 20. A Flood of such a scale in July was the first time in almost a decade. The flood severely hit people's normal life. The worst affected were the proposed oustees of the Polavaram project while the ‘lanka’ (island) villages were also damaged. The CPI(M) organised various relief measures in four villages on the Godavari riverbed.
A SERIES of programmes were organised across Tripura to mark the 75th anniversary of India’s Independence and 80 years of the Quit India Movement, at the call of the CPI(M) state committee. The DYFI also organised a host of programmes separately on the occasions. These programmes included rallies, processions, hall meetings, human chains and blood donation camps.
A BIZARRE drama is unfolding in front of our eyes. The Modi government which has been giving away hundreds of thousands of crores of rupees as tax concessions to the monopolists has expressed its opposition ironically to what it calls “freebies”, that is to handing over subsidies to other segments of the population.