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Poverty has increased during period of economic growth, says economist

-The Hindu Chennai: India's economic boom in the first decade of the 21st Century coincided with an increase in the magnitude of poverty, economist Prabhat Patnaik said here on Saturday. "There has been a period of positive growth as far as the GDP is concerned. But during this period , there has been an increase in magnitude of absolute poverty," he said. "While the Planning Commission insists that proportion of population below...

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Reverse gear on electoral reforms -Jagdeep S Chhokar

-Live Mint Electoral reforms are not the forte of law ministers. But they can avoid damaging a battered system The resignation of Ashwani Kumar as law minister has brought cheer to a group of people who do not have much to do, at least directly, with the coal block allocation controversy. These are people working on electoral reforms. This is because ever since becoming law minister, Kumar had been consistent in his...

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Shocking betrayal on Western Ghats

-The Hindu   An open letter from Madhav Gadgil says Kasturirangan panel report will rob the region of its biodiversity Dear Dr. K. Kasturirangan, J.B.S. Haldane, the celebrated 19th-century scientist and humanist who quit England protesting its imperialistic invasion of Suez to become an Indian citizen, once said: "Reality is not only stranger than we suppose, but stranger than we CAN suppose!" I could never have imagined that you would be party to a...

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Don’t play politics with cooperative societies, Supreme Court warns States-J Venkatesan

-The Hindu   Supersession only in exceptional circumstances, not for extraneous considerations The Supreme Court on Thursday decried the tendency of State governments superseding elected cooperative societies for political or extraneous reasons. "Supersession of an elected managing committee/board is an exception and [can] be resorted to only in exceptional circumstances," said a Bench of Justices K.S. Radhakrishnan and Dipak Misra. Sending a warning to the States, the Bench imposed Rs. 1 lakh in costs...

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Arvind Panagariya, a professor of Indian economics at Columbia University interviewed by Ullekh NP

-The Economic Times Arvind Panagariya, a professor of Indian economics at Columbia University, hits out at Nobel laureate and Harvard University professor Amartya Sen over his call to confront MPs with the "number of deaths" a delayed Food Security Bill can cause. The former chief economist at the Asian Development Bank counters Sen's argument that it is high social spending that has contributed to the economic growth of Asian economies such...

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