-Outlook   The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...

-The Hindu   Development is as much a process of providing services as of removing obstacles and giving freedom from all sorts of discrimination. In what is perhaps one of India's most communal, polarising, divisive and personalised election campaigns, we are told far too often that this election is really about development. Yet, none of the political parties clearly defines development either in their speeches or in their manifestoes. So, what do they...

-Down to Earth   Kolkata police justify ban on non-motorised transport in the city IN RESPONSE to a public interest petition against the ban on cycles in the city, Kolkata traffic police have said there was an urgent need to restrict the movement of non-motorised transport (NMT) to prevent traffic congestion. The petition was filed at the Kolkata High Court by cyclists and activists in January this year. "Kolkata police have been continuously and...

-Live Mint     As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...

-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...