-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
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Shock claim on wealth gap -Jayanta Roy Chowdhury
-The Telegraph New Delhi: Those who inhabit the top 1 per cent of the wealth pyramid in India own 73 per cent of the wealth generated in the country last year, an NGO has claimed. In the last 12 months, the "wealth of this elite group increased by Rs 20.91 lakh crore. This amount is equivalent to the total budget of the central government in 2017-18," Oxfam India said in a statement...
More »Jaitley may lend an ear to farm sector -TV Jayan
-The Hindu Business Line Lingering distress in the sector may force the govt to think innovatively New Delhi: Agriculture sector, which suffered badly despite higher production in the last two years, may be a key focus area for the NDA government, when it presents its last full-fledged Union Budget before the 2019 general elections. Attending a function recently in the Capital, Union Finance Minister Arun Jaitley unequivocally said that that the farm sector...
More »Only 15% landholders earn 91% of total national income -Richard Mahapatra
-Down to Earth Income inequality makes agrarian crisis challenging; inequality is worse among farmers than the formal economy economists Lucas Chancel and Thomas Piketty recently concluded after a long study that inequality is at its peak in India. It is embedded in popular conscience: “Top 1 per cent of earners captured 22 per cent of total income in the country.” Their study–covering consumption, government accounts and income tax data from 1922...
More »Reetika Khera, Associate Professor of Economics at IIT-Delhi, interviewed by Surabhi (The Hindu Business Line)
-The Hindu Business Line The government must universalise social security pensions for the elderly, single women and persons with disabilities and also operationalise the maternity entitlement scheme at the earliest, says Reetika Khera, Associate Professor of Economics at IIT-Delhi. In an interview to BusinessLine, Khera argued against the use of Aadhaar for authentication of beneficiaries and said it has “no role in plugging leakages or in the identification of correct beneficiaries”....
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