In 'State Capitalism: Why SOEs Matter and the Challenges They Face', author Lalita Som tracks the evolution of modern state capitalism the world over, and its manifestation in various countries, including in India.
As the Rich Receive State Patronage, Modi Has Left the Poor to Be Atmanirbhar
Under Modi, the state bears the losses of the rich, with tax concessions and state subsidies. But, working classes have to live through complete doing away of fertiliser subsidies, and petrol and diesel subsidies.
Migrant workers walk with their children to their villages after India announced a nationwide lockdown due to the coronavirus pandemic. Photo: Reuters
Rights15/Mar/2021
Last year on May 12, in the peak of COVID -19-induced lockdown, when the poorest of the poor migrant workers were walking thousands of kilometres to their homes, Prime Minister Narendra Modi, with the insight of an oracle declared that âthe state of the world today teaches us that