-Huffington Post Global inequality data may be skewed by debt, but Indian inequality really is as bad as it says. Mark Zuckerberg is wealthier than the poorest 40% of Indians, and Mukesh Ambani is worth more than the poorest 30% of Indians, a new report by Oxfam says. While Oxfam MIGht be misstating some facts on global inequality, the data on Indian inequality really is that bad. The report, released on Monday morning,...
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Amartya Sen, Nobel Laureate and economist, speaks to Suvojit Bagchi (The Hindu)
-The Hindu The truth may ultimately prevail about demonetisation, but the government MIGht be able to maintain the loyalty of a large part of the public for a long time, says Amartya Sen More than two months after the demonetisation, Nobel Laureate and economist Amartya Sen says that any proper “economic reasoning could not have sensibly led to such a ham-handed policy.” He predicts that the demonetisation will hit the economy quite...
More »Universal Basic Income For India Suddenly Trendy. Look Out -Jean Dreze
-NDTV A recent headline in Quartz, an otherwise serious media agency, claims that Jammu and Kashmir is the first state in India to "commit to a universal basic income" (UBI). A glance at the original source quickly negates this claim: it is based on nothing more than "seeds of a thought" (sic) from the Finance Minister of J&K about possible cash transfers for a small minority of poor households. This is...
More »Reward the cash-hit, says Sangh's labour arm
-PTI Pune: The Rashtriya Swayamsevak Sangh's labour arm has asked the Narendra Modi government to take note of the "immediate adverse side effects" of demonetisation while welcoming what it called a "rare" opportunity to help those less privileged. The Bharatiya Mazdoor Sangh also cautioned the government against pressuring people to go digital. "We take serious note of the immediate adverse side effects like defects in implementation, cash shortage, slowdown in market, job losses,...
More »SC poser to states on thousands of hectares
-The Telegraph New Delhi: The Supreme Court today issued notices to the Centre and seven states, including Bengal, on a plea for return of 45,782 hectares of agricultural land acquired from farmers in the name of creating special economic zones (SEZs) but allegedly diverted by the promoters for other purposes. The petition filed through the SEZ Farmers' Protection Welfare Association of Andhra Pradesh seeks the return of unused land to the farmers...
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