-The Economist Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable, says Zanny Minton Beddoes IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux...

-The Hindu India Against Corruption should realise the ‘aam aadmi’ needs not only decentralised power but also a lofty vision There are two underlying themes of India Against Corruption’s new party: the induction of good people and “people’s power” through consummate decentralisation. The vision document sets out a quest for “swaraj,” people’s right to self-determination. This ideal of self-determination has been conflated with direct democracy. Thus the vision document indicates that “as...

-The Business Standard If Mr Vadra had to count his friends in the real estate business, they would be Corporation Bank, the Haryana government and DLF  Robert Vadra, who is at the centre of a controversy over his property dealings with realty giant DLF and others, began investing in real estate five years ago, in 2007-08. He was already a wealthy man by then, not a struggling businessman who could scrape only...

-PTI KOLKATA: Accusing the Central government of not thinking about students while policy making, West Bengal Chief Minister Mamata Banerjee today said the cap on subsidised LPG cylinders will badly hit the mid-day meal scheme. "This is a very sensitive matter. The Central Government has never thought of the fate of poor school children ....There is a fear that these school children may have to go without food in schools due to...

-The Hindu In its report on the road map to fiscal consolidation, the three-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar, has suggested a host of “bold reform” measures on ways of slashing the subsidy bill which, it admitted, would result in some short term pain and hardships. The committee’s recommendations also include sale of surplus land with public sector undertakings (PSUs), fast-tracking of...