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New poverty line: Rs 32 in villages, Rs 47 in cities -Mahendra Kumar Singh

-The Times of India NEW DELHI: Those spending over Rs 32 a day in rural areas and Rs 47 in towns and cities should not be considered poor, an expert panel headed by former RBI governor C Rangarajan said in a report submitted to the BJP government last week. The recommendation, which comes just ahead of the budget session of Parliament, is expected to generate fresh debate over the poverty measure...

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Messing with a good thing -Pramathesh Ambasta

-The Financial Express MGNREGA must be tweaked in implementation, not design. Before his tragic demise, the Union minister for rural development, Gopinath Munde, gave a clear indication of the new government's priorities on MGNREGA. Both these priorities are vital: using the programme for the creation of productive assets to combat drought and poverty and ensuring timely payment of wages. More than two decades of liberalisation and high economic growth have left India...

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Why Delhi needs to step back -Lant Pritchett and Gulzar Natarajan

-The Indian Express Most of the dynamism of the Indian economy comes from its states. They must be given more room to chart their growth trajectories In the euphoria surrounding the election results, it is tempting to avoid facing up to the harsh realities of making development happen. Even for those who characterise the election as "the dawn after the dusk", in the new light of day, India's development challenges remain essentially...

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India Exclusion Report: Fresh perspective on poverty

India has witnessed many fiery debates on poverty estimates. Equally contentious has been the issue of inequality. Now a new report on exclusion offers a fresh perspective on poverty, inequality and social justice. (See below a summary of the report) Based on data and knowledge resources available in the public domain, India Exclusion Report 2013-14 highlights the systematic discrimination faced by women, Scheduled Castes (SCs), Scheduled Tribes (STs), Muslims, persons with...

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Economist Thomas Piketty, professor at the Paris School of Economics interviewed by Pranay Sharma

-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...

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