-The Times of India   Is wealth trickling up instead of down? Yes, says rockstar economist Thomas Piketty whose new book proposing a wealth tax on the super rich has sparked off a firestorm. Excerpts from an exclusive interview... His book Capital in the Twenty-First Century has put the spotlight on Thomas Piketty, transforming the Paris School of Economics professor to global superstar. In these troubled times, he highlights a troubling issue:...

-IPS News   New Delhi: Bhure Lal, a 33-year-old street-food vendor, has been selling his spicy ‘chaat' outside the New Delhi Railway Station for 15 years. But despite a punishing 12-hour work schedule, and a new law to protect hawkers like him, he doesn't take home enough to feed his family. More than half of Lal's weekly income from the ‘chaat', a lip-smacking pot-pourri that is particularly popular with women, is extorted by...

-Live Mint   Building toilets holds the key to reducing India's malnutrition burden Commenting on the Indian elections in his satire show, British humorist John Oliver remarked, "(Narendra) Modi has managed to inspire people with his populist platform including a pledge to put a toilet in every home. That's a bold move, coming out as pro-toilet." Oliver's wisecrack may have deliberately exaggerated Narendra Modi's pitch on toilets but the focus on sanitation has been...

-Live Mint   The Musahar communities of eastern UP and Bihar have been unable to escape the trap of desperate poverty India has been conspicuously less successful than many other emerging economies in the scale, speed and depth of its reversal of poverty. But many scholars say that whatever one's measures of poverty, young people on an average have better educational and economic prospects today than those of their parents and grandparents. They...

-The Hindu   India could be overstating poverty levels as the private final consumption estimates captured by the National Income Accounts (NIA) is nearly twice as much as the National Sample Survey Organisation (NSSO) estimates for consumption expenditure of households in 2011-12.   At present, poverty ratios are calculated using the NSSO data. The C. Rangarajan Committee on poverty estimation, that will submit its findings by the month-end, is likely to report that it...