The Communist Party of India-Marxist on Saturday expelled young leader Prasenjit Bose, who resigned from the party attacking the leadership for supporting Pranab Mukherjee's Presidential bid, saying he had sought to "malign" its political line.
The Direct Taxes Code should be modified to tax high income and wealth at enhanced rates. Tax concessions on corporate profits and capital gains should be phased out. Black money stashed away in foreign banks has to be retrieved.
Protesting the 'erroneous' stand, Prasenjit Bose, former convenor of the research unit of CPI-M, decided to send his resignation letter to the CPI-M leadership, and was later expelled from the party. We present the letter, where he elaborates his stand, which was first published in Pragati, on July 22.
Prasenjit Bose, a PhD in Ecnomics from the Jawaharlal Nehru University and a familiar face in television channel debates, announced his resignation through an "open letter" arguing that the party Polit Bureau's decision to support Mukherjee was "against" the line taken by the party congress held in Kerala earlier this year.
The oil crisis could not have come at a worse time for the Modi government as its tax collection has fallen short of its 2020-2021 target by Rs 5.2 lakh crore.
'As long as economic growth remains steady, creating jobs and generating stable incomes, the rise in home loans should not create problems.' 'If the growth trajectory changes course over the medium term and interest rates rise along with inflation, the expanding trend in home loans may not sustain.'
A row has erupted over a portrait of Netaji Subhash Chandra Bose which was unveiled by the President at Rashtrapati Bhavan, with people on social media stating that the artwork is that of an actor who played him in a biopic.
'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.'
'If you are opposed to the nationwide NRC, you should oppose the NPR.'
'You can fight to win leadership of a party, yet join party rivals to win a general election in the US. The fact that dissent is not rebellion is not really appreciated in India, where we are used to the 'High Command' culture,' says T V R Shenoy.
With the Supreme Court ordering Kolkata Police Commissioner Rajeev Kumar to appear before the Central Bureau of Investigation, the agency will finally be able to question the top cop in cases arising out of the Saradha chit fund scam probe.
'The creation of Pakistan was integral to Britain's grand strategy.' 'If they were to ever leave India, Britain's military planners had made it clear that they needed to retain a foothold in the NWFP and Baluchistan because that would provide the means to retain control of Iran, Iraq, Kuwait, the UAE, Bahrain and Qatar.'
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