-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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‘States should be free to choose crucial schemes’
-The Hindu Chennai: Tamil Nadu has sought increased role and greater fiscal autonomy for States in the new institution that will replace the Planning Commission. "It is our belief that a Strong Union can emerge only out of strong states and India's governance structure has to incorporate more federal features," Tamil Nadu Chief Minister O Panneerselvam said at a meeting chaired by Prime Minister Narendra Modi with Chief Ministers to discuss the...
More »Dividend or nightmare -Santosh Mehrotra
-The Indian Express How many jobs must be created to realise our demographic dividend (or avoid a nightmare)? Half of India's population is below 25. The worst-case scenario is that enough jobs are not created for the millions entering the labour force each year, and that this semi-educated mass becomes a force driving social conflict. The reason that East Asian countries (especially China) rode the wave of the demographic dividend and dramatically...
More »Laggard Bengal leaps to top 5 -Basant Kumar Mohanty
-The Telegraph New Delhi: Bengal appears to have emerged as one of the best performers in implementing the rural job scheme, rising to fourth on the list from being one of the laggards even two years back. According to figures with the rural development ministry, the state has generated over 11.3 crore persondays of work since April, next only to table-topper Tamil Nadu, Andhra Pradesh and Rajasthan. Till 2012, it was among the...
More »Cash transfers can work better than subsidies -Guy Standing
-The Hindu Providing people with a modest basic income instead of subsidies would save public revenue With oil prices falling, it was perhaps a good time to fade out fuel subsidies. All subsidies are inefficient and distortionary, and most are regressive. The same could be said of costly public works schemes as well. By contrast, the debate on direct benefit transfers has moved into a more sensible phase, with the posturing criticism of...
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