-The Business Standard At a time when food inflation is on the upswing, an International Monetary Fund (IMF) working paper suggests it may not be as worrisome a factor, at least in rural areas. The paper says the rate of price rise in food items leads to lower income inequality in rural India. The reason is pretty simple: rural areas comprise food producers as well. Also, non-food inflation results in higher income inequality...
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India 4th largest economy but per capita income still low: Survey
-PTI India has become the fourth largest economy in the world because of strong economic growth but still has a low per capita income, the Economic Survey for 2011-12 said Thursday. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its global ranking in terms of per capita income. Yet, the fact remains that its per capita income continues to be quite low,” it...
More »Fighting for the 99 per cent in times of austerity
-The Hindu As the head of the largest trade union federation, Sharan Burrow represents the face of the worker at the high-tables of the world. Ms Burrow is the general secretary of the International Trade Union Confederation (ITUC), which represents 175 million workers in 153 countries. Ahead of this week's G20 Summit in Cannes, Ms. Burrow has, in meetings with the International Monetary Fund (IMF) and European leaders, warned of the...
More »Blame China for the stubborn and high Inflation by Smriti Seth
There is a China hand in India's inflation, one important reason why the steady rise in interest rates may not be cooling the high inflation. About 25% of imported inputs that go into manufacture of goods produced locally are imported from China. In addition, a third of consumer goods imported into India come from China. The inflation in goods exported by China was 10% in July, much higher than its overall...
More »Shift to market by Venkitesh Ramakrishnan and Ajoy Ashirwad Mahaprashastha
The changing stances of the Planning Commission reflect the influence of the political climate. THE short note on the history of the Planning Commission on its website concludes thus: “For the first eight Plans the emphasis was on a growing public sector with massive investments in basic and heavy industries, but since the launch of the Ninth Plan in 1997, the emphasis on the public sector has become less pronounced and...
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