An Indian company that writes brilliant software for a foreign platform gets paid well for the work. It almost never owns a slice of what that platform eventually becomes worth. This is the exact distinction Naoroji’s arithmetic always hinged on, not whether India earns money, but what kind of money it earns, and what kind slips past it entirely.
Dadabhai Naoroji wasn’t just saying the British took India’s money. He was showing, with the actual records, how an entire monetary system could make a growing, trading economy poorer with every transaction, legally, quietly, and year after year.
While Indian shipyards did construct some merchant tonnage under license regimes and subsidy schemes, the emphasis stayed on building capacity fot Navy and Coast Guard, not for the commercial global market. The long term result was that Indian commercial shipbuilding never developed the scale, supply-chain depth or export orientation that enabled East Asian yards to capture the world’s merchant fleet.
This caste census conducted in 1931 continued to influence Indian politics for decades to come. It was stated in this report that the total population of Other Backward Classes (OBC) in the country is 52%. On this basis, politics like 'backwards should get 60 out of 100' started. This politics later on turned into Mandal-Kamandal politics.
The Treaty Principles Bill 2024 proposes extending the treaty to all New Zealanders through a referendum, but Maori leaders and activists argue that this will not only undermine Māori rights and promote anti-Māori discourse.
Arvind Kejriwal was released from Tihar Jail on Friday evening, hours after the Supreme Court granted him bail in a corruption case related to the alleged Delhi Excise Policy scam.
In the past, Seeman has expressed strong support for the terror outfit Liberation Tigers of Tamil Eelam (LTTE) and its slain chief Velupillai Prabhakaran.