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Water shortage could cost some regions 6% of GDP: World Bank -Mayank Aggarwal

-Livemint.com World Bank report says combined effects of growing populations, rising Incomes and expanding cities will see demand for water rising exponentially, while supply becomes more erratic and uncertain New Delhi: Water scarcity, exacerbated by climate change, could cost some regions up to 6% of their gross domestic product (GDP), spur migration and spark conflict, said a report released by the World Bank on Tuesday. The report, High and dry: Climate change, water...

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The indirect benefits transfer -Jayati Ghosh

-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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Punjab's mounting farmer crisis

-Business Standard Green revolution pioneer now marked by rising rural despair, with high costs and low Incomes pushing a mass of small cultivators into a debt trap Chandigarh: Fifty eight and counting…the number of farmers' suicides in Punjab in the past three months due to agrarian distress is alarming. Maharashtra, Punjab and Telangana top this grim list, the Union government informed Parliament last week. Rainfed states are in a crisis due to two...

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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...

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Doubling Farmers' Incomes by 2022: What Would It Take? -S Chandrasekhar & Nirupam Mehrotra

-Economic and Political Weekly How realistic is the objective of the Government of India to double the income of farmers by 2022? Is there a precedent? From estimates of change in income of agricultural households over the period 2003-13, this article suggests what needs to be done to achieve a doubling of real Incomes. A focus on income from cultivation alone will be inadequate. Policy aimed at increasing net income from...

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