-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...

-The Hindu Clark made a significant pitch for all countries that had not made domestic abuse and marital rape criminal offences to do so at the earliest. Just days after Minister of Women and Child welfare Maneka Gandhi submitted in parliament that the government wouldn’t criminalise “marital rape”, a top UN official said that the issue is one of consent, not culture, suggesting that India would be in contravention of the Sustainable...

-PTI The upcoming Budget will be citizen-centric with a focus on farm sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today. The upcoming Budget will be citizen-centric with a focus on farm sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today. This will be the second full-fledged Budget of the ruling NDA government, and will be unveiled in Parliament...

-The Hindu It is only due to the high rates of growth in the services sector that India’s overall economic growth appears robust. The world economy is so hard to predict. In 2008, as the global financial markets plunged into a crisis, high oil prices were considered to be one of the factors that caused it. Today, many fear that the world economy is on the edge of another recession. Guess what...

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...