-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...
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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 »Monthly household costs up after GST? You are not alone, 54 per cent have the same complaint -Prabhash K Dutta
-India Today After demonetisation, GST could be another headache for the government. According to a Survey conducted on completion of two months of GST, 54 per cent people complained about rising monthly household costs. In a series of online Surveys, conducted by a citizen grievances portal having a tie-up with the consumer affairs department of the central government, one in every two persons has reported a rise in household costs after the...
More »DeMo was ethically flawed -A Srinivas & Sandhya Rao
-The Hindu Business Line The possible gain arising out of tax compliance has come at too high a human cost ‘There are three kinds of lies: lies, damned lies, and statistics.’ – Benjamin Disraeli After the RBI’s latest revelations — of 99 per cent of the extinguished currency having returned to the banks — media pundits and economists have wasted no time in saying that efforts to obliterate black money have failed. However,...
More »Wait for Muzaffarnagar riot aid
-The Telegraph New Delhi: Four years after the Muzaffarnagar riots, a Survey by Amnesty International and NGO Afkar India Foundation has found that at least 200 families from some of the worst-hit pockets were left out of the compensation. The then Samajwadi government of Uttar Pradesh had declared that each of the 1,800 displaced families from the nine worst-affected villages would get Rs 5 lakh. Between August 2016 and April 2017, the...
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