-The Business Standard Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...
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Story of a fraying capitalism-Ashoka Mody and Michael Walton
-The Indian Express India's rentier capitalism is an inset in the big picture drawn by Thomas Piketty French economist Thomas Piketty has written a scholarly tome with the humdrum title, Capital in the 21st Century. The book has become an overnight sensation because Piketty documents an inherent tendency for ever-increasing inequality of income and wealth in capitalist economic systems. It is not an accident, he says, that many will be left behind...
More »Tackling inequality the big challenge for new government-Neha Sethi
-Live Mint Recent Maoist violence highlights the conflicts that centre around the model of India's economic growth New Delhi: The deaths of nine people from violence related directly to the general election-occurring in and around polling booths-are an early warning to the next government that it must start thinking about how to balance economic growth with social justice and equity, experts said. These deaths-mostly in areas hit by Maoist violence-highlight the conflicts that...
More »Farmers will get unique ID number
-The Business Standard Agriculture dept has begun the process of collecting data on farmers and their lands Mysore (Karnataka): Process is on to provide unique identification numbers, similar to ‘Aadhaar' issued by the Unique Identification of Authority of India, to farmers in Karnataka. Under the scheme, all details about farmers and their lands, collected under the ‘K-Kisan' scheme, will be pooled and a unique identification number like the ‘Aadhaar' will be issued to...
More »Bisleri plant told to shut over groundwater use -Darpan Singh
-The Hindustan Times New Delhi: The Capital's pollution watchdog has asked Bisleri's packaged drinking water manufacturing plant in west Delhi to shut shop immediately. The reason: The plant has been drawing 3.31 lakh litres of groundwater every day without requisite approval. This quantity of water is sufficient to meet the daily requirements of 2,500 people. Illegal drawing of groundwater is a big menace. Census 2011 reveals that Delhi has about 4.5 lakh...
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