According to news reports, the top seven IT companies, which together employ 1.24 million people, will cut their workforce by 4.5% in 2017. In the last few weeks itself, thousands of IT workers have been laid off.
It seems that from beef to booze and from books to babies through surrogacy, lately our government (both at the central and state levels) is engaging more in ''ban ki baat", as opposed to "mann ki baat" with its citizens.
The British voters voted, by a margin of 52% to 48%, for the exit from the EU, referred to as Brexit. Thanks to the referendum, we will be witnessing the unique phenomenon of an electorally engineered recession in a major economy.
The challenge is to reform and revitalize the welfare state in the era of globalization, and put as much emphasis on enabling the poorer sections of the population from taking advantage of the opportunities that globalization offers as with attracting trade and investment. The answer lies in Fixit, not Brexit.
To resurrect itself, the Left has to come up with a brand of politics that is centred around the concerns of the millions of those who are in the informal sector (like AAP did in Delhi) and concrete welfare schemes for the poor that can compete with TMC's policies. Otherwise, there will be nothing left of it.
Wherever one's political sympathies lie, most would agree that what seemed a few months ago like an easy walkover for the ruling Trinamool Congress (TMC) in the ongoing assembly elections in West Bengal has turned into an engrossing electoral battle.
Any mention of poverty or human development and you will be called a 'jholawalla' or a socialist who somehow does not understand the magical power of growth to lift people out of poverty, or has a vested interest in keeping the poor in poverty.