-The Business Standard Why government policy and jobless growth have let inequality worsen in recent times The Forbes list of billionaires features 55 Indians in 2013. The estimated net worth of only the top ten is $102.1 billion or approximately 5.5 per cent of India's gross domestic product. Paradoxically, every third poor person and every second malnourished child in the world is also an Indian. India also adds 7.5 million babies with...
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Mandatory CSR in India: A Bad Proposal-Aneel Karnani
-Stanford Social Innovation Review Looked at from the perspective of the political right, and the left, and the center, the proposed law making CSR mandatory is a really bad idea. Companies all over the world are under increasing pressure to demonstrate that they are responsible citizens, with about 70 percent of large companies in Europe and the Americas reporting on their corporate social responsibility (CSR) initiatives. Despite this, the very concept...
More »Inequality re-emerges as a core concern, needs a new definition-Ali Mehdi
-The Economic Times What is... Inequality has re-emerged as a core concern in developing and developed countries alike, thanks to the growing gap and frustration of a section of the middle class and the rich vis-a-vis the super rich. A World Bank Policy Research Working Paper (No. 6259) by Branko Milanovic shows that the incomes of the global top 1 per cent and the emerging middle classes in developing countries rose dramatically between...
More »Serious flaw in MGNREGA implementation in MP: Audit report
-PTI Bhopal: Serious irregularities like non-submission of utilisation certificates and delay in payment of wages to beneficiaries among others have come to notice in an official report on the implementation of MGNREGA scheme in Madhya Pradesh. It was also found that the state government was not following necessary budgetary procedures while seeking grant from the Centre under the flagship programme. It was noticed during the inspection in eight districts that the ratio of...
More »Model Food Bill on Chhattisgarh Legislation: BJP to UPA
-Outlook Patna: BJP today asked the Centre to remove "inadequacies" in the ambitious Food bill by increasing its coverage area and fixing all foodgrains at a flat Rs 1 a kg and suggested that it should be modelled after Chhattisgarh food legislation. "The UPA government should remove inadequacies in the Food Bill by extending the benefit to larger section of population," BJP national spokesman Shahnawaz Hussain told reporters. Hailing the success...
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