-The Hindu Business Line/ NetworkIdeas.org In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of Wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise. This has led observers to conclude that income and Wealth inequality in India has increased. Hard evidence on the extent of that increase is difficult to...

-The Hindu Facilitating a bargain between Wealth accumulators and welfare seekers seems to have become the key function of politics A new election season is around. Five States (Uttar Pradesh, Uttarakhand, Manipur, Goa and Punjab) will elect new Assemblies and Chief Ministers in the coming weeks. Parties are wooing voters with dazzling new promises. The Aam Aadmi Party leader, Arvind Kejriwal, is offering ₹1,000 a month to all adult women (above age...

-The Hindu Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the path of inequality. “Global multimillionaires have captured a disproportionate share of global Wealth growth over the past several decades: the top 1% took 38% of all additional Wealth accumulated since...

-The Hindu Redistribution measures have been ineffective and there are no policies discouraging accumulation of income and Wealth The COVID-19 pandemic has exposed the stark divide between the rich and the poor. At this juncture, evaluating the state of inequality serves as an eye-opener on the income/Wealth divides prevailing across regions. Such divides are represented in terms of the share of income/Wealth among the top 10% of the population against the bottom...

-Scroll.in It is essential for policy makers to understand the crises created by widening income inequalities and labour market ruptures. In the context of the current global macro-economic situation, there are three deep currents for the Indian government to be aware of. How it understands and responds to these challenges will shape the country’s socio-economic trajectory over the next few years. The first undercurrent: the deepening of income and Wealth inequalities. Second: a...