FEATURE STORY
The DravidaMunetraKazhagam (DMK) has attacked its INDIA bloc ally, the Congress, over its decision to extend support to actor-turned-politician Vijay’s TamilagaVettriKazhagam (TVK) to form a government in Tamil Nadu, calling the grand old party a “backstabber”
On this May Day 2026, the traditional celebration of labor confronts a chilling economic reality: the “Capitalist Loop” is expiring. With global populations peaking and Goldman Sachs predicting 300 million jobs exposed to AI, the world is entering an era of “Degrowth.” As humanoid robots reach a price point of $20,000, undercutting human labor by 90%, a central paradox emerges: if machines do the work and owners take the profit, who earns the income to buy the output? From Japan’s “profit concentration” model to the rise of the State as Buyer of Last Resort, we explore the five remaining sources of global demand and the uncomfortable necessity of rewriting the rules on taxes, ownership, and UBI.
Gujarat’s local body election results have delivered a strong political message, with the BJP sweeping urban corporations, dominating municipalities and panchayats, and tightening its grip across the state, while Congress has suffered a sharp collapse and AAP managed only scattered, symbolic gains. The outcome is being seen as the first major political signal ahead of the 2027 Assembly elections.
Gujarat’s local body verdict
In a defiant stand following the Trinamool Congress’s (TMC) significant setback in the 2026 West Bengal Assembly elections, Chief Minister Mamata Banerjee has categorically rejected calls for her resignation. Addressing a packed press conference at her Kalighat residence on Tuesday, a resilient Banerjee declared that she would not step down, claiming a “moral victory” despite the electoral numbers favoring the BJP.
Indian benchmark indices rebounded on Wednesday as the Nifty 50 reclaimed the 24,100 mark and the Sensex surged over 600 points. Despite Brent crude soaring to $111 per barrel and the rupee hitting a record low of 94.81, a wave of strong Q4 earnings from heavyweights like Maruti Suzuki, Bandhan Bank, and CEAT fueled investor optimism. While West Asia tensions and the UAE’s exit from OPEC+ weighed on global sentiment, domestic buying by DIIs helped markets overcome persistent FII outflows.
The central government has expressed concern that banned online real-money gaming platforms may attempt to re-enter the Indian market by presenting themselves as e-sports platforms. The move comes amid stricter regulations aimed at curbing gambling-like activities in the digital gaming sector.
