Tag: economics

Adani family secretly invested in own shares, documents suggest / Adani’s reject allegations

Hannah Ellis-Petersen in Delhi and Simon Goodley in London A billionaire Indian family with close ties to the country’s prime minister, Narendra Modi, secretly invested hundreds of millions of dollars into the Indian stock market, buying its own shares, newly disclosed documents suggest. According to offshore financial records seen by the Guardian, associates of the Adani family may have… Read More Adani family secretly invested in own shares, documents suggest / Adani’s reject allegations

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How did Australia’s university system get so broken?

Widespread precarity has facilitated a culture of illegal underpayment, with more than $80m in underpayments since 2020 across public universities, according to the National Tertiary Education Union’s wage theft report Jeff Sparrow On Monday, unionised workers at the University of Melbourne (where I teach) will go on strike. In the faculty of arts, the Melbourne law school, student… Read More How did Australia’s university system get so broken?

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G20 poured more than $1tn on fossil fuel subsidies despite Cop26 pledges – report

The G20 poured record levels of public money into fossil fuels last year despite having promised to reduce some of it, a report has found Ajit Niranjan The amount of public money flowing into coal, oil and gas in 20 of the world’s biggest economies reached a record $1.4tn(£1.1tn) in 2022, according to the International… Read More G20 poured more than $1tn on fossil fuel subsidies despite Cop26 pledges – report

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Economic Disaster & Modi: ’24 तक छुपायेंगे.. / 70 साल के घोटालों को पीछे छोड़ा मोदी सरकार ने

NB: Is coruption merely a financial matter? Or does it mean perversion from fidelity. Institutions can also be corrupted, justice can also be corrupted, so can political speech. And all this is not merely a function of this or that party. It is endemic, rooted in society, hence corrupt people will run from one party… Read More Economic Disaster & Modi: ’24 तक छुपायेंगे.. / 70 साल के घोटालों को पीछे छोड़ा मोदी सरकार ने

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Modi Administration attempts shutting down Peoples’ Summit on G20

Modi Administration attempts shutting down We20 Public Statement People refuse to bow down, We20 continues as scheduled. New Delhi, 19.08.23: Jairam Ramesh, Member of Parliament (Rajya Sabha) termed “extraordinary” that “Delhi Police is stopping people from attending the We20 meeting”. Nikhil Dey of MKSS wondered if this is the message Narendra Modi wants to send… Read More Modi Administration attempts shutting down Peoples’ Summit on G20

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NRI Businessman Seeded Idea of Corporatising Agriculture

http://www.reporters-collective.in Picture this: Prime Minister Narendra Modi, during an election rally in the remote corner of Bareilly in Uttar Pradesh, speaks about his dream of doubling farmers’ income by 2022. A BJP-friendly NRI businessman sitting in the US with no background in farming or agriculture has a brain wave. He writes a letter with a… Read More NRI Businessman Seeded Idea of Corporatising Agriculture

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Corruption and Fraud / Auditor General of India calls out massive financial irregularities

Here are some recent exposes of recent happenings; aside from corrupt practices over the years. Not much is reported of it on mainstream media. Now there are calls for the arrest of independent journalists Derek O’Brien takes a snipe at PM Modi Modi Reality & INDIA : मोदी इकोनॉमी की फाइल खुली..तो पलट जायेगी बाज़ी… Read More Corruption and Fraud / Auditor General of India calls out massive financial irregularities

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China’s recent economic woes suggest there is something seriously amiss

Underlying longer-term weaknesses in the economy are bound up with Beijing’s repressive political system George Magnus At a Politburo meeting last month, China’s leaders referred to the economic recovery this year as “torturous”. You won’t often hear such candour coming from a Chinese Communist party institution, let alone such an elevated body. They were referring… Read More China’s recent economic woes suggest there is something seriously amiss

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Adani Ports auditor Deloitte to resign after flagging concerns

Bloomberg The auditor of billionaire Gautam Adani’s ports business is planning to resign, people familiar with the matter said, a move that may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research. Deloitte Haskins & Sells LLP has communicated to Adani Ports & Special Economic Zone Ltd. its resignation… Read More Adani Ports auditor Deloitte to resign after flagging concerns

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The deadly intersection of labor exploitation and climate change

Neither the corporate media nor our politicians who are beholden to corporate lobbyists honestly address the common root causes of (and solutions to) worker exploitation and climate change. Sonali Kolhatkar As temperatures soar in the United States this summer, some among us are lucky enough to be able to remain in air-conditioned interior spaces, ordering… Read More The deadly intersection of labor exploitation and climate change

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