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Rise in global inequality

-The Hindu The findings from the latest International Labour Organisation report on real wages point to a mix of proactive initiatives and policy paralysis in different contexts. The study notes that continuing deceleration in the growth of global real wages and discriminatory pay gaps based on gender and nationality could sharpen household income inequalities. A most striking finding is that labour productivity growth outstripped increases in real wage between 1999 and...

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Pranab Bardhan, emeritus professor of economics at the University of California at Berkeley interviewed by Pramit Bhattacharya

-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...

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No conditions apply -Renana Jhabvala

-The Indian Express Cash in the hands of the poor can transform their lives. With bank accounts and an Aadhaar card for all becoming a reality, it is possible to transfer money directly to the poor and check middlemen who siphon away funds. Cash transfers (CTs) come in many forms. They may be conditional or unconditional, selective or non-selective, targeted or universal. Some types of CT are as susceptible to misuse as...

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Being middle class in India -Devesh Kapur and Milan Vaishnav

-The Hindu Are differences within the middle class, in income, education, and cultural and social capital, so wide as to render moot any ideological or behavioural coherence to this group? The rapid growth of the Indian economy over the past three decades has led to a substantial expansion of India's "middle class". This has triggered a robust debate over who in India actually belongs to the "middle class," its size, composition, and...

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Modi U-turn for the better: Changing NREGA would have been a mistake -Rajesh Pandathil

-FirstPost.com Not all U-turns are bad. Some are good, like the one by the NDA government on the MNREGA, also called NREGA . For the uninitiated, the new NDA government had about three months back proposed to make changes to the pro-poor scheme launched by the erstwhile United Progressive Alliance. According to media reports that cited a circular, the proposal was to amend the NREG Act by restricting the area of work...

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