-The Hindu Subsidies on cooking gas, kerosene and diesel have resulted in perverse outcomes not envisaged when they were introduced With the Aadhaar-based direct cash transfer scheme facing so many glitches in implementation, any hopes that the country’s energy sector can soon dismount the subsidy tiger it has been riding so dangerously have receded into the background. Had the Aadhaar scheme worked satisfactorily, the next logical step would have been to extend...
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A woman-shaped gap in the Indian workforce-Jayan Jose Thomas
-The Hindu A mix of social constraints and dearth of employment opportunities has kept women out of the labour market, leading to a huge opportunity cost to the nation Women in India face enormous challenges for their participation in the economy — in a way that mirrors the many injustices they suffer in the society at large. The labour participation rate of women — that is, the number of women in the...
More »Train fares to go up from January 21 -Sunderarajan P
-The Hindu In a rather unusual move, the Railway Minister, P.K. Bansal, on Wednesday announced an across the board hike in passenger fares less than two months before he would be presenting the Railway Budget for 2013-14. The hike comes into effect from January 21. However, Mr. Bansal declared that there will be no further fare increase in the ensuing budget. The new hike will range from two paise per km on basic...
More »Centre to conduct study to ascertain RTI cost to government in providing information to citizens-Aman Sharma
-The Economic Times The government has decided to conduct a study on the implementation of the Right to Information (RTI) Act to know the cost to the government in providing information to citizens under the UPA's showpiece initiative and whether it has helped improve its "public perception about the extent of reduction in corruption". As per the RTI Act of 2005, only Rs 10 fee is required to seek information from any...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
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