-Oxfam The world must urgently set goals to tackle extreme inequality and extreme Wealth It is now widely accepted that rapidly growing extreme Wealth and inequality are harmful to human progress, and that something needs to be done. Already this year, the World Economic orum’s Global Risk Report rated inequality as one of the top global risks of 2013. For more, please click here ...
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Black money could account for 10% of GDP: Study -Pradeep Thakur
-The Times of India A study commissioned by the government last year on quantifying black money generated in the country has estimated that the illicit Wealth is likely to exceed 10% of GDP or anywhere above Rs 10 lakh crore, given the size of the economy. The 1,000-page report was submitted to the finance ministry by the National Institute of Public Finance and Policy (NIPFP) in the last week of December. The...
More »If you think we're done with neoliberalism, think again-George Monbiot
-The Guardian The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches How they must bleed for us. In 2012, the world's 100 richest people became $241 billion richer. They are now worth $1.9 trillion: just a little less than the entire output of the United Kingdom. This is not the result of chance. The rise in the fortunes of the...
More »Delhi gang-rape: look westward in disgust-Emer O'Toole
-The Guardian The coverage of Damini's death strikes a particularly ironic note following recent media controversy over a rape in Ohio There's something uncomfortably neocolonial about the way the Delhi gang-rape and subsequent death of the woman now known as Damini is being handled in the UK and US media. While India's civil and political spheres are alight with protest and demands for changes to the country's culture of sexual violence, commentators...
More »Direct Cash Transfer System a 'Pure Magic': PC
-Outlook Jaipur: Describing the proposed Direct Cash Transfer scheme a 'pure magic' that brings a big responsibility on banks for its implementation, Finance Minister P Chidambaram today asked bankers to work with the government to make the scheme a success. "Through this unique benefit transfer scheme, money when it is released, will instantaneously be credited in the bank account of the beneficiary, leaving no scope for corruption and pilferage. That is why...
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