Karnataka Cabinet Goes to Delhi in Widening Feud over Funding
The issue is whether Karnataka has been getting rightful share in the devolution of funds between the Union and States, not how it spends the fund. It was both dramatic and unprecedented. The entire Karnataka Cabinet and almost all the elected members of the Congress in the State, led by
Follow the money: Supreme Court’s electoral bond ruling marks a significant step in India’s anti-corruption journey
In 2017, then Finance Minister, the late Arun Jaitley, rose to announce a new method of electoral funding. Individuals, associations, and corporations wishing to make donations to political parties could approach India’s largest public sector bank, State Bank of India (SBI) and purchase tax-free, time-limited bearer bonds during certain windows of
Tamil Nadu Finance Minister Thangam Thennarasu discusses the 2024-25 budget and the road ahead for the State
Tamil Nadu Finance Minister says unlike the BJP or any other party, the DMK is not interested in hatred politics. Tamil Nadu’s Finance Minister Thangam Thennarasu sat down with Frontline for his first interview to a media outlet on the Tamil Nadu Budget for 2024-25, and how the ideology of
SUM AND SUBSTANCE | From sunrise to sunset? India’s IT sector loses shine as jobs dry up
In her interim budget speech this year, Finance Minister Nirmala Sitharaman announced the establishment of a Rs.1 trillion corpus to boost innovation and research in sunrise domains, that is the start-up and tech industries. “For our tech-savvy youth, this will be a golden era,” Sitharaman said. What may have dulled
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The electoral bonds scheme goes to the heart of the Sangh Parivar’s long-term goal, which is ideological dictatorship
Let us start with four apparently disparate examples. Example 1: Ajay Mishra Teni, Union Minister of State for Home Affairs, is the BJP member of the Lok Sabha from the Kheri constituency in Uttar Pradesh. In October 2021, his son, Ashish Mishra Monu, allegedly drove into a crowd of protesting
Electoral bonds: Why it is a giant scam
Imagine a house. The residents of this house are general fans of cleanliness. But one day, everyone wakes up to find a small pile of garbage in the living room. The residents shake their heads, point towards the pile, and start complaining. Suddenly, a cape-wearing bearded man appears and says:
SUM AND SUBSTANCE | Global rupee: Look before you leap
Speaking at the 90th anniversary of the Reserve Bank of India (RBI), Prime Minister Narendra Modi said it was time for the RBI to prepare a 10-year strategy to make the Indian rupee a global currency, one that was “accessible and acceptable” across the world. Extolled by the Prime Minister
Economic Perspectives | C.P. Chandrasekhar writes: How Thames Water symbolises the collapse of neoliberal privatisation
Thames Water, one of England’s many regional water monopolies, infamously privatised by Margaret Thatcher in the 1980s and symbolising the dramatic turn in economic policy that neoliberalism implied, is finally collapsing. Unable to mobilise £500 million from shareholders who have milked the company over the years, Kemble Water, the parent
Fate of Vizag Steel hangs in the balance with elections around the corner
The Bharatiya Janata Party’s return to power at the Centre in 2019 marked the beginning of their unrelenting stance to privatise the state-owned Visakhapatnam Steel Plant (Vizag Steel) in Andhra Pradesh. However, as the 2024 elections draw close, State leaders from the BJP and their alliance partners, the Telugu Desam