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The problem is jobs, not wages -Praveen Chakravarty

-The Hindu There is obfuscation over both the existence of a jobs crisis and the diagnosis of it It is well established that India is staring at a massive jobs crisis. Every single survey points to jobs as the biggest issue concerning voters, especially the youth. Yet, the Prime Minister and the government steadfastly refuse to even acknowledge this issue, let alone address it. India’s jobs crisis is an economic issue, not a...

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A strange paradox for Indian women -Sonalde Desai

-The Hindu Better education is not leading to better job opportunities, marriage prospects or freedom of movement Abigail Adams, wife of the second President of the U.S. and mother of the sixth President, wrote to her husband, “If particular care and attention is not paid to the ladies, we are determined to foment a rebellion.” As last year’s #MeToo movement and Sabarimala protests showed, perhaps Indian women are echoing her and are...

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Upper caste Hindus richest in India, own 41% of total assets; STs own 3.7%, says study on wealth distribution -Anjali Marar

-The Indian Express A two-year-long study jointly undertaken by the SPPU, JNU and Indian Institute of Dalit Studies has revealed that only 22.3 per cent of the country’s higher caste Hindus own 41 per cent of the country’s total wealth Pune: Caste continues to play a significant role in the educational and professional choices available to an individual, and the resultant income and assets, reveals a two-year-long study jointly undertaken by...

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Two sides of the coin: Tax incentives and revenue forgone -Suraj Jaiswal and Neeti Biyani

-Down to Earth The use of tax incentives to attract investments is prevalent around the world. However, there is no definitive data on the global magnitude of incentives granted because not all countries collect and publicly report such data and there is no common methodology for reporting across all countries. Rough estimate by Action Aid (2013) pegs the incentives granted by developing countries from corporate income tax (CIT) at $138 billion....

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Thomas Piketty explains why he is helping Rahul Gandhi with minimum income guarantee -DK Singh

-ThePrint.in French economist defends Congress' minimum income guarantee scheme, says India's poor have been 'badly treated by the country's elite'. New Delhi: French economist Thomas Piketty has defended the Congress party’s poll promise of minimum income guarantee (MIG), saying that India’s poor have been “badly treated by the country’s elite”. “It is high time to move from the politics of caste conflict to the politics of income and wealth distribution,” Piketty said in...

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