-The Hindu Why measuring inequality is not the same as measuring changes in the level of poverty in India In recent years, there has been a lot of discussion on increasing inequality within several countries of the world, including India, particularly after the publication of Thomas Piketty’s book on inequality. It is true that rising inequality has adverse economic and social consequences. The Gini coefficient or other measures of inequality are being...
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Ease of Doing business: W Bengal moves from laggard to leader among peers -Subhayan Chakraborty
-Business Standard State set to grab pole position in 3rd edition of rankings, which are likely to be out early April, Delhi expected to score low The third edition of the government's annual Ease of Doing Business ranking for states, modeled on the international one conducted by the World Bank, may see West Bengal jumping 15 places to top the list along with Chhatisgarh and Madhya Pradesh. Data collected till Wednesday on an...
More »Farmers' Anger on Boil in Gujarat -Mahibul Hoque
-Hindkisan.com Farmers allege that the company had not taken possession of the land they sold two decades ago and demanded the company to initiate new acquisition proceedings as per provision of Land Acquisition Act, 2013. The Act prescribes that an agency or entity has to initiate fresh proceedings to acquire a plot if the agency did not take the possession of the land for more than five years. Tear gas shells fired,...
More »Is higher economic growth eating up jobs in India? -Roshan Kishore
-Hindustan Times Non-farm jobs was positive despite negative jobs growth in 2014-15 and 2015-16 The KLEM database released by RBI on 27 March, 2018 gives employment statistics for the Indian economy till 2015-16. It shows that total employment shrank by 0.2% and 0.1% in India in 2014-15 and 2015-16. These statistics raise disturbing questions. India’s Gross Value Added (GVA) growth increased continuously between 2012-13 and 2015-16. Why did employment growth go into negative...
More »Central Vigilance Commission wants to keep an eye on private banks -Vikas Dhoot
-The Hindu Asks PMO to frame law for it The Central Vigilance Commission (CVC) has urged the Prime Minister’s Office to bring private sector banks under its watch, citing the fact that they have been involved in many recent instances of malfeasance. Vigilance officers in all State-owned public sector banks are required to report irregularities and possible wrongdoing to the CVC, India’s apex body for checking corruption in the government. Private sector banks...
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