-First Post The Jaipur literary festival is almost notorious for creating storms in a teacup. To its credit though, if offers a different flavor of literary tea every year. Last year, it was a variant of the Rushdie phenomenon, where a group of aspiring litterateurs read out passages from the Satanic Verses and then succumbed to political correctness. This year, the controversy came in a session chaired by Urvashi Butalia, publisher Zubaan, where...
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Build an efficient supply chain between farmers and markets
-The Economic Times India's consumer prices climbed 10.56 per cent in December from a year earlier. This will hold the RBI's rate-cutting hand and prove politically painful for the government. The increase in the Consumer Price Index (CPI), over three percentage points more than the increase in the Wholesale Price Index (WPI) number, is due to a spurt in prices in the food and beverage category - mainly vegetables, oils and fat,...
More »The Case for Direct Cash Transfers to the Poor-Arvind Subramanian, Devesh Kapur and Partha Mukhopadhyay
The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »Multiple LPG connections without KYC will entail cancellation
-The Indian Express Cooking gas (LPG) consumers with multiple connections who do not submit Know Your Customer (KYC) forms by month end will lose subsidised LPG supply and will be charged commercial rates, the government said today. "The LPG gas connection of those multiple LPG connections holder who fail to furnish the KYC forms by the prescribed date, will be suo moto converted into Non-Domestic Exempted Categories (NDEC) rate connections," Minister of...
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