-The Guardian International Monetary Fund paper dismisses rightwing argument that redistributing incomes is self-defeating   The International Monetary Fund has backed economists who argue that inequality is a drag on growth in a discussion paper that has also dismissed rightwing theories that efforts to redistribute incomes are self-defeating. The Washington-based organisation, which advises governments on sustainable growth, said countries with high levels of inequality suffered lower growth than nations that distributed incomes more evenly. Backing...

-The Hindustan Times Bali: After five days of hard negotiations, the World Trade Organisation (WTO) on Saturday reached a historic deal designed to ease movement of goods across countries and allow developing nations more options to feed their poor - as India successfully lobbied in favour of state-funded welfare schemes. "For the first time in our history, the WTO has truly delivered," WTO director-general Roberto Azevedo broke down while announcing the deal...

-The Times of India PATIALA: A new study has revealed that over 34% of marginal farmers in Punjab are still living below poverty line, denting the tall claims of SAD-BJP government on uplift of the farmers, who are considered the traditional vote bank of the over nine-decade-old Shiromani Akali Dal. Besides marginal farmers, the study conducted by the Punjab Agricultural University (PAU), Ludhiana, has also brought to the fore that over 20%...

-Live Mint Not only have Bihar and Odisha grown faster they have also ensured that benefits accrue to the poorest; in Gujarat, growth has bypassed the poor Going by logic, the poor in richer states should be better off than their counterparts living in poorer states. This is especially so when the country is seeing a welcome trend: Income growth in rural areas and poverty reduction has witnessed unprecedented acceleration. Not necessarily. Not...

-The Financial Express In an article published in this newspaper on September 4, 2013, Surjit Bhalla takes us to task for critiquing his earlier estimates of the cost of the Food Security Bill. Bhalla asserted that subsidy expenditures would more than triple and the FSB would cost the government R3,14,000 crore annually or 3% of GDP. We argued that Bhalla was barking up the wrong tree and that the main things...