-The Guardian International Monetary Fund paper dismisses rightwing argument that redistributing incomes is self-defeating   The International Monetary Fund has backed economists who argue that inequality is a drag on growth in a discussion paper that has also dismissed rightwing theories that efforts to redistribute incomes are self-defeating. The Washington-based organisation, which advises governments on sustainable growth, said countries with high levels of inequality suffered lower growth than nations that distributed incomes more evenly. Backing...

-The Business Standard The economic logic - and political reasons - behind the giant shift of spending power to the states Interim Budgets are not supposed to do this. This is precisely what they are not supposed to do. They are not supposed to lay out a policy change so vast it disempowers the next central government. But that's what P Chidambaram has done - and it appears to have been...

-Live Mint Rural livelihoods have improved because of MGNREGA. It is wrong to say the scheme has not worked If some recent news articles are to be believed, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a scheme that costs less than 0.35% of India's gross domestic product (GDP), has crashed the country's economy. The latest to join this bandwagon of criticism is an editorial in Mint. ("MGNREGA: A tale...

-PTI Agriculture and wetlands in India and the rest of the world should be managed in unison to tackle poverty and conserve ecosystems, says a new report. Around six per cent of the world's landmass is classified as either permanent or seasonal wetland. Millions of people directly depend on them for food, water, and other purposes. Researchers estimate that wetlands are worth around USD 70 billion globally each year. However, these areas also face...

-The Times of India NEW DELHI: The debate over Section 377 (unnatural sex) of the Indian Penal Code (IPC) continues to dominate discussions in public forums. Author Vikram Seth, who has been vocal about his views since the Supreme Court verdict recriminalized gay sex last week, on Saturday used the platform of the Rashtrapati Bhavan to slam Section 377. In the presence of President Pranab Mukherjee on the dais and senior leaders...