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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...

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UN agency urges greater national action to curb alcohol-related deaths, diseases

-The United Nations More than three million deaths in 2012 were linked to alcohol with a steady increase in alcohol use among women, the United Nations health agency today reported calling on Governments to do more to prevent alcohol-related deaths and diseases. The "Global status report on alcohol and health 2014" found that alcohol consumption increases people's risk of developing more than 200 diseases including liver cirrhosis and some cancers, as well...

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The Gujarat middle-Jean Drèze

-The Hindu   If Gujarat is a model, then the real toppers in development indicators, like Kerala and Tamil Nadu, must be supermodels In an earlier article published on this page ("The Gujarat Muddle," April 11, 2014), I pointed out that Gujarat's development achievements were hardly "model" class. This is pretty firm ground: the same point has been made by a long list of eminent economists. Yet confusion persists, so I decided to...

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El Nino likely to cause loss of Rs 1,80,000 crore this year: ASSOCHAM -Soma Basu

-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...

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Too many people still lack basic drinking water and sanitation –UN report

-The United Nations   Despite a narrowing disparity in access to cleaner water and better sanitation between rural and urban areas, sharp inequalities still persist around the world, says a new United Nations report. According to the 2014 Joint Monitoring Report on global progress against the Millennium Development Goal (MDG) on water and sanitation, more than half of the global population lives in cities, and urban areas are still better supplied with improved...

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