-The Hindustan Times What does it mean to be poor across the world? It means different things in different countries depending on the definition of the poverty line-an income threshold below which families are considered poor. In most of Europe, a family with a net income of less than 60% of the "median net disposable income" - a broad measure of the national average income net of taxes income - is counted...
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No exits from these tunnels of death-Agrima Bhasin
-The Hindu Deep-rooted caste biases and the brazen disregard by civic authorities of court judgments are the main reason for the frequent deaths of sewerage workers across the country Earlier this month, a group of men set forth to unblock a drain sewer in the basement of the Indira Gandhi National Centre for the Arts (IGNCA) in Delhi. Two of the men, Ashok and Chhotu, entered the sewer but did not return....
More »Income disparity between rich and poor growing rapidly -Subodh Varma
-The Times of India NEW DELHI: Everybody knows that there is a chasm between the rich and the poor. But can it be measured? And, more importantly, is this disparity between the rich and poor growing or coming down? New data based on consumption expenditure surveys shows that income disparity is growing and at a rapid clip. Spending and consumption by the richest 5% zoomed up by over 60% between 2000 and...
More »Sen vs Bhagwati: Parallels from an earlier titanic clash-Rupa Subramanya
-The Business Standard Can Bhagwati-Sen debate bring the same change as Hayek-Keynes duel in the US in 1932 At a time of economic crisis, a distinguished group of economists wrote a letter to a major newspaper, making a case for increased government involvement in the economy. A few days later, an equally distinguished group of economists wrote a letter to the same newspaper, arguing against the first lot. No, this...
More »Know where to draw the line
-The Hindustan Times India's official poverty line-a vital economic statistic-is threatening to snowball into a major political controversy in an election year. Political parties are busy quibbling over the details of defining a poverty line amid a welter of protests from social activists who are accusing it of abdicating its responsibility. Economists set a poverty line to fix a threshold income to get a headcount of poor people in a country. Households...
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