-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...
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IMF warns of growing inequality in India and China -Remya Nair
-Livemint.com IMF points to problem with redistribution of incomes as high growth rates are not reducing inequality New Delhi: The International Monetary Fund (IMF) has warned that both India and China face the social risk of growing inequality. By implication, it is suggesting that there is a problem with the redistribution of incomes in both these economies as high economic growth rates are not reducing inequality. In its regional economic outlook for Asia...
More »A drought of action -Jean Drèze
-The Hindu India has a lasting infrastructure of public support that can, in principle, be expanded in drought years to provide relief. But business as usual seems to be the motto Droughts in India used to be times of frantic relief activity. Large-scale public works were organised, often employing more than 1,00,000 workers in a single district. Food distribution was arranged for destitute persons who were unable to work. Arrangements were also...
More »Why blame only the IPL for water woes? -Amitangshu Acharya
-Hindustan Times In this epic drought year in India, water is scarce, but not opinions. From newsprint to TV studios, perhaps more words have been either written or spoken than the total rainfall in Latur till now. Oddly enough, while one part of the nation had been reeling from water stress and agrarian crises for decades, the other part has willfully chosen to ignore it. So what led to this sudden...
More »Rich account for just 3% of the 1 crore people who gave up LPG subsidy: Dharmendra Pradhan -Subhash Mishra
-The Times of India LUCKNOW: Union minister of state (independent charge) for petroleum Dharmendra Pradhan on Saturday said the affluent accounted for only 3% of the over 1 crore people who had given up their LPG subsidy in response to Prime Minister Narendra Modi's appeal. "The rest is constituted by the Middle-class and lower income groups. Teachers, professionals and Middle-level government employees have shown more interest as compared to HNIs (high-net...
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