-The Indian Express On the latest justifications being given by the RBI, Franco asked “what was that economics he (Governor Patel) learnt to roll out a financial policy like Demonetisation troubling the entire Population?” Chennai: Blaming the Reserve Bank of India Governor Urjit Patel for “misusing” the central bank to carry out demonetisation which “caused trouble to the common man”, D Thomas Franco, general secretary of All India Bank Officers Confederation has...
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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
More »Is Thomas Piketty right about inequality in India? -Tadit Kundu
-Livemint.com Thomas Piketty’s estimates of inequality in India appear exaggerated on close scrutiny but the issue he raises is an important one Three years after writing a best-selling book on the growing problem of inequality in the Western world, the French economist Thomas Piketty has turned his attention to inequality in the developing world. In a recent research paper co-authored with Lucas Chancel of the Paris School of Economics, Piketty estimates that...
More »4 states, one UT bring down pendency of 10-year-old cases to almost zero -Pradeep Thakur
-The Times of India NEW DELHI: For the first time, as many as four states and a Union Territory have managed to bring down cases pending for over 10 years in their subordinate courts to almost zero. It's not a mean achievement, considering that decade-old cases in the country account for 23 lakh, or almost 9% of all cases pending in the subordinate courts. Haryana, Punjab, Himachal Pradesh, Kerala and Chandigarh are...
More »Lucas Chancel, economist working on inequality, interviewed by Sanjay Vijayakumar (The Hindu)
-The Hindu The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in the early 1980s and rising to 22% today, says renowned economist Lucas Chancel According to a research paper by renowned economists Thomas Piketty and Lucas Chancel, income inequality in India is at its highest level since 1922, the year the Income Tax Act was passed. In December, they will...
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