-The Times of India NEW DELHI: The Delhi government's policy to subsidise power for households is undoubtedly among the most generous in the country but it is benefiting the rich more than the poor due to inefficiencies. While poor households on an average get subsidy of around Rs 1,000 per year as they consume less electricity, rich households end up benefiting by Rs 9,000 on account of fatter power bills, a Brookings...
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Are farmers collateral damage of modern economic growth? -Sanjiv Phansalkar
-VillageSquare.in People living in villages, who are migrating in large numbers to urban spaces in search of livelihoods, could be victims of our economic development or perhaps the dismal income growth of farm households is semi-deliberate to keep labor costs low Till about 1990 since Independence, our country followed what may be broadly termed an import-substitution strategy for economic growth. This meant high import duties and rigid non-tariff barriers on imports and...
More »Loan waiver leaves Indian farmers trapped in deadly debt spiral -Bibhudatta Pradhan & Pratik Parija
-Livemint.com Narendra Modi’s election promise in Uttar Pradesh comes back to haunt as other states demand the Union govt offer an agriculture bailout package across the country New Delhi: An election promise to farmers in the politically sensitive state of Uttar Pradesh is coming back to haunt Prime Minister Narendra Modi, as other states demand the Union government offer an agriculture bailout package across the country. During the hard-fought election campaign, Modi pledged...
More »MGNREGA lesson for universal basic income: Once introduced, there's no going back -Aurodeep Nandi
-The Financial Express The one irrefutable lesson from MGNREGA, is that once introduced, there will be no going back India is one of the most unequal countries in the world. In terms of Gini coefficient, i.e., measure of income inequity, India ranks a dismal 135 out of 187 countries. This means that most of the prosperity that an increasingly economically liberalised India is seeing, belongs primarily to the top-income percentiles. One in...
More »Law matters, not PM's word: A-G to SC on note ban deadline -Utkarsh Anand
-The Indian Express "There is no question of PM’s speech...if PM says March 31, 2017 but the law says December 30, 2016, the law will prevail over the PM. Let’s be clear about that first," the A-G submitted before a bench led by Chief Justice of India J S Khehar The Central government’s top law officer, Attorney General Mukul Rohatgi, told Supreme Court Tuesday that the “law will prevail over” Prime Minister...
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