-The Hindu Thanks to the caste system, India has always been an unequal society. What is even more worrying is that inequality appears to have deepened in the past two decades The Boston Consulting Group’s 15th annual report, “Winning the Growth Game: Global Wealth 2015”, has received extensive coverage in the Indian media. The report comes on top of the Global Wealth Databook 2014 from Credit Suisse, which provides a much more...

-The Economic Times BENGALURU: As the central government devolves more fiscal freedom to the states, they seem to be cutting allocations to social sectors, especially agriculture and allied areas in response, according to the initial findings of a study. The Narendra Modi administration wants to empower states further as part of a push toward cooperative federalism. Finance Minister Arun Jaitley's February budget cut allocations to the states by more than half in...

-The Hindu For working India’s federal system, one has to go beyond brute parliamentary majorities and grapple with the multilevel government-opposition matrix, which is the architecture of Centre-State power-sharing Apart from the promise of providing a Congress-free India, the most frequent leitmotif of Mr. Modi’s electoral campaign was that he would usher in a new era for Indian federalism. Based on the idea that a state leader’s vision from below could transform...

-The New Indian Express The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...

-Economic and Political Weekly Amul has begun to do to the informal dairy sector what the European Union threatened to do to the Indian dairy sector: dump milk and milk products, capture the market and then drive down procurement prices as well. India's dairy sector increasingly shows signs of corporatisation with foreign fi rms and venture funds investing in cooperatives and then building chains with forward and backward linkages. The cooperative...