The crisis facing banks in India has been brewing for some years now. A large and growing share of the outstanding loans extended by commercial banks has turned into bad loans or Non-Performing Assets (NPAs). Any loan for which the principal or interest payment has remained overdue for a period of 90 days or more is called NPA. It is a loan which the borrower is not paying back as agreed.
On February 2, 2017, the history department of the Jai Narayan Vyas University in Jodhpur organized a conference on ‘History Reconstructed through Literature: Nation, Identity, Culture’. The Akhil Bhartiya Vidyarthi Parishad (ABVP), student wing of the ruling BJP, organized a shutdown of the university the following day declaring that a Professor who addressed the seminar had expressed "anti national views". The teacher who organized the conference has since been suspended by the Vice Chancellor of the University.
The declaration by the US government that people from seven countries — Iran, Iraq, Libya, Syria, Yemen, Somalia and Afghanistan — are not welcome into the US, and will be treated as "terrorists" has aroused widespread condemnation both in the US and worldwide.
The news media has reported a spate of racist attacks on people of Indian origin in the USA. At least two people have been killed, and two others seriously injured in such attacks in just the past two weeks.
The Modi government has announced plans to open up commercial mining of coal during next financial year (Apr 17-Mar 18).In the first phase, four coal mines will be auctioned. The plan is to auction as many as 23 mines during the year. Commercial mine owners will be able to sell coal to any user. For this purpose the Coal Mines Special Provision Act of 2015 was enacted which allows government to open up commercial coal mining for private players.
Lok Raj Sangathan organized a series of meetings on the anti-people step of banning 500 and 1000 rupee notes on 8 November 2016. The meetings were held to expose the real aims of the government. Between January and the first week of March 2017, meetings were held at Bhiwandi, Kalyan, Ulhasnagar and Thane for workers, political activists, students and teachers.
I am writing in response to the article entitled 'Governmental Crisis in Tamilnadu: Parliamentary democrcy stands completely exposed' in the March 1-15, 2017 issue of MEL. This is an excellent piece of Marxist-Leninist analysis, and also provides a complete and objective basis for analyzing the political system in India, based on the most scientific principles.
When 67 people were killed in three bomb blasts in Delhi on 28th October, 2005, three young Kashmiris were immediately arrested. Newspapers and TV channels claimed that the terrorists responsible for the killings had been caught. Now, 11 years later, a Delhi court has acquitted the three youth. They have been declared to be innocent after they had suffered unspeakable torture and imprisonment for over a decade in the prime of their lives (See Box 1). One of them had been declared to be the "mastermind", but the prosecution could not prove his involvement in the blasts.
The BJP government of Jharkhand is pulling out all stops to welcome Indian and foreign multinationals to plunder the land, labour and rich mineral resources of the state. Over 200 MOU's with Indian and foreign capitalists were signed on 16-17 February at a Momentum Jharkhand Investors' Summit 2017.
Shurhozelie Liezietsu. Chairman of Naga People's Front, was sworn in as the 17th Chief Minister of Nagaland on 22nd February. This followed the forced resignation of T.R. Zeliang in response to the demands of a united front of Naga people's organisations.
Over 800 women and men, youth and students, marched in unison from Rajiv Chowk to Jantar Mantar in Central Delhi, on 8th March, 2017, in celebration of International Women’s Day. With spirited slogans and songs that resounded through the busy streets, with clenched fists held high, with colourful banners and placards highlighting their resolve to resist the manifold attacks of the state, they reiterated their commitment to continue the struggle in defence of their rights and for a system free of injustice and inequality.
More than 10,00,000 bank workers of India across all categories of employment went on strike on 28th February. The strike was called by the United Forum of Bank Unions (UFBU), an umbrella body of unions of bank employees. Workers of commercial banks, regional rural banks and cooperative banks participated in the strike.
The all India general strike has been called to resolutely oppose the course of enriching the capitalist minority by impoverishing the toiling majority. It has been called to assert the rights that belong to workers, peasants and other toiling people who create the wealth of India.
Parties of the capitalist class claim that there is no alternative to the program of globalisation,liberalisation and privatisation. The truth is that there IS an alternative.The alternative is to reorient the economy to fulfil people’s needs instead of fulfilling capitalist greed. This is the program for the Navnirman of India.
The Report to the Fifth Congress of the Communist Ghadar Party of India, presented by Comrade Lal Singh, General Secretary of the CGPI, on behalf of its Central Committee, was discussed and adopted by the Fifth Congress of the CGPI, held in November 2016. By decision of the Fifth Congress, this report has been edited for publication.
The first part of this pamphlet is an analysis of facts and phenomena to identify and expose the real aims behind the Note Ban. The second part is devoted to a critical appraisal of the government’s claims that it will reduce inequality, corruption and terrorism. The third part is what Communist Ghadar Party believes is the real solution to these problems and the immediate program of action towards that solution.
Unite around the program to reconstitute the Indian Republic and reorient the economy to ensure prosperity and protection for all!
There is growing realisation among workers, peasants and other self-employed people that the program of liberalisation and privatisation only serves to enrich an exploiting minority at their expense. Mass resistance is growing to this anti-worker, anti-peasant and anti-national program.