-The Telegraph Sikar (Rajasthan): A 13-day agitation by Rajasthan's farmers, joined by about 100 disc jockeys with sound systems blaring, has forced the Vasundhara Raje government to agree to loan waivers up to Rs 50,000 and payment of the full minimum support price. Some 15,000 farmers had gathered at a mandi in Sikar town, 115km from Jaipur, on September 1 and by the time the government buckled on September 13 night, their...
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The return of India's super rich -Rishabh Kumar
-Livemint.com The trajectory of wealth concentration in the country, not just the levels of recently estimated inequality, is important A flurry of estimates regarding Indian inequality have captured public interest recently. Whether one believes the wealth inequality numbers presented by Credit Suisse or the distributional income accounts by Lucas Chancel and Thomas Piketty, evidence seems to state that India has high economic disparities. But inequality is to be expected in a developing...
More »With Prices Rising Post-GST, Has the Government Taken the Public for a Ride? -Arun Kumar
-TheWire.in The Goods and Services Tax (GST) is awfully complex and has confused not only businesses and the public, but also the government. Have prices of goods and services risen because the implementation of the Goods and Services Tax (GST) is faulty or because it was not designed properly? Eighteen percent GST is levied on the food in a restaurant. This has raised the cost of eating out. Is this what was...
More »Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-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...
More »'Over-invoicing by power companies': PIL in Delhi HC seeks SIT probe against firms -Khushboo Narayan
-The Indian Express The Directorate of Revenue Intelligence (DRI) is currently investigating over a dozen firms, including firms of the Adani Group, Essar Group and Reliance ADAG Group, among others for alleged over valuation of Indonesian coal imports and power equipment imports between 2011 and 2015. Delhi-based NGOs, Centre for Public Interest Litigation and Common Cause, have filed a writ petition in the Delhi High Court seeking an SIT investigation into the...
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