-Scroll.in Quality of life seems to have more do with social factors in India than economic growth. In 2008, frustrated by the agitation against forcible land acquisition, Tata Motors announced it would exit West Bengal. The company chose to move its Nano car plant to Gujarat. The then chief minister Modi claimed that he made Tata’s entry hassle free, inviting Ratan Tata with an SMS. The incident underlined the gap between Bengal and...
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Nutritional security could have made the fight against COVID-19 easier -Sheeba Krishnakumar
-Down to Earth This weak link between growth in income and nutritional outcomes requires the attention of policy makers The Covid pandemic reminds us that we may have to fight a battle more than once to win it. Low-income countries like India faced a multi-pronged crisis during the pandemic — containing the infections while being home to 195.9 million of the 821 million undernourished people in the world. Prevalence of undernourishment in India...
More »A Death Warrant Against Farmers -Bhabani Shankar Nayak
-TheCitizen.in 90% rise in Indian billionaires’ Wealth There has been a 90% rise in Indian billionaires’ Wealth over past decade. It is not accidental. The BJP led government reduced corporate income tax from 30 to 22 percent starting from the financial year 2019/20. New corporates established in India after October 2019 will only pay 15 percent. It has also provided many other opportunities, incentives and foregoing exemptions to corporations. Meanwhile the Union government...
More »The country should worry about further worsening of economic inequality in the post-COVID period
The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
More »Wealth Inequality in a Capitalist Society -Prabhat Patnaik
-Newsclick.in Two taxes – inheritance and Wealth -- alone, levied only on the top 1% of the population, would be enough to fetch Rs.14.67 lakh crore. It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from the truth; indeed the acquisition of...
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