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Story of a fraying capitalism-Ashoka Mody and Michael Walton

-The Indian Express   India's rentier capitalism is an inset in the big picture drawn by Thomas Piketty   French economist Thomas Piketty has written a scholarly tome with the humdrum title, Capital in the 21st Century. The book has become an overnight sensation because Piketty documents an inherent tendency for ever-increasing inequality of income and wealth in capitalist economic systems. It is not an accident, he says, that many will be left behind...

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Political recipe for environmental disaster-Avilash Raul

-The Hindu The Polavaram multipurpose project has faced rough weather with non-compliance of environmental assessment and large-scale displacement The Union Cabinet's resolution last week - to clear the proposal for constituting the Polavaram Project Authority (PPA) - has attracted cautious criticism from the Odisha government. With the general election in full swing and Telangana set to come into being, it is obvious that political parties would leave no stone unturned to gain...

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Tackling inequality the big challenge for new government-Neha Sethi

-Live Mint   Recent Maoist violence highlights the conflicts that centre around the model of India's economic growth   New Delhi: The deaths of nine people from violence related directly to the general election-occurring in and around polling booths-are an early warning to the next government that it must start thinking about how to balance economic growth with social justice and equity, experts said.   These deaths-mostly in areas hit by Maoist violence-highlight the conflicts that...

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Direct Benefits Transfer scheme finds no place in Cong’s campaign-Ruhi Tewari

-The Indian Express   According to sources, DBT barely figured in the party's manifesto consultation process or during discussions After launching it with much fanfare and touting it as the next electoral game-changer, the Congress seems to have distanced itself from its ambitious Direct Benefits Transfer (DBT) scheme. There has also been a discernible dip in the UPA government's interest in the scheme, which has manifested itself in no review meetings having taken...

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Growth in the Time of UPA: Myths and Reality -Maitreesh Ghatak, Parikshit Ghosh, and Ashok Kotwal

-Economic and Political Weekly This article challenges the prevailing view that the diminished electoral prospects of the United Progressive Alliance government is the result of neglecting growth to launch populist welfare schemes. It looks at a wide range of economic indicators to argue that compared to the National Democratic Alliance regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital infl ows,...

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