-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...
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Street vendors of Delhi unite to protest against "police terror"
-The Hindu Demand institution of murder charge against the Mumbai ACP Vasant Dhoble The street vendors of Delhi launched a nation-wide campaign against “police terror” on Sunday, demanding that the police be made accountable to the public. Under the umbrella of the National Association of Street Vendors of India (NASVI), they formed a human chain at Parliament Street to demand institution of murder charge against the Mumbai Assistant Commissioner of Police (ACP) Vasant...
More »Black money could account for 10% of GDP: Study -Pradeep Thakur
-The Times of India A study commissioned by the government last year on quantifying black money generated in the country has estimated that the illicit wealth is likely to exceed 10% of GDP or anywhere above Rs 10 lakh crore, given the size of the economy. The 1,000-page report was submitted to the finance ministry by the National Institute of Public Finance and Policy (NIPFP) in the last week of December. The...
More »IMF says India shouldn’t rush to give banking licences to conglomerates-Remya Nair and Asit Ranjan Mishra
-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...
More »A woman-shaped gap in the Indian workforce-Jayan Jose Thomas
-The Hindu A mix of social constraints and dearth of employment opportunities has kept women out of the labour market, leading to a huge opportunity cost to the nation Women in India face enormous challenges for their participation in the economy — in a way that mirrors the many injustices they suffer in the society at large. The labour participation rate of women — that is, the number of women in the...
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