-Live Mint Research shows the wealth of the super-affluent-hidden by tax shelters and non-response to questionnaires-is undercounted Washington: The 1% is literally rich beyond measure, depriving nations of billions in tax revenue and obscuring shifts in global inequality. Research conducted separately by European Central Bank (ECB) economist Philip Vermeulen and the London School of Economics' Gabriel Zucman shows the wealth of the super-affluent-hidden by tax shelters and non-response to questionnaires-is under-counted. Correcting...

-The Hindu India also has the worst gender inequality in the region In the two decades since the early 1990s when India liberalised its economy, countries like Nepal and Bangladesh have improved their human development indicators at a faster clip than India. Though India ranks marginally higher than many of its South Asian neighbours in the 2014 UNDP Human Development Report released on Thursday, the country has fallen behind most of its immediate...

-The Telegraph New Delhi: India continues to lag on human development indicators in spite of a slew of welfare programmes, with a UNDP report released today ranking it 135th among 187 countries that were judged on progress in areas such as life expectancy, education, income and employment.   Analysts blame India's poor performance on lack of accountability in implementation of the welfare programmes. Former National Advisory Council member N.C. Saxena said state governments...

-Outlook   The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...

-The Business Standard   Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...