-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...
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Under attack, Congress says poverty line 'unrealistic'
-The Times of India NEW DELHI: Facing allegations of trivializing poverty for tom-tomming Planning Commission figures that show a decline in the number of poor, the Congress changed its tune on Saturday to dub the poverty line as "unrealistic". The all-round assault on Congress seems to have resulted in the course correction that reflected in the disapprovals issued by Digvijaya Singh, Kapil Sibal and Rajiv Shukla. Union minister Kapil Sibal and AICC general...
More »Bhagwati vs Sen: Poverty data gives the verdict-Mayank Mishra
-The Business Standard Growth, not entitlement, reduces poverty, according to the latest data The numbers may seem unrealistic, but the broad indication is loud and clear: among all available medicines, growth seems to be the most effective medicine against poverty at the moment. According to the recently released poverty data, states like Odisha, Bihar and Rajasthan have done well when it comes to reducing poverty in the last seven years. And these...
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 »A shrunken debate
-The Indian Express The discussion on the political economy needs to be rescued from the current bout of bad taste Amartya Sen has found himself at the centre of an unseemly round of name-calling this week. While promoting his new book, he said, when asked in an interview, that he would not want Narendra Modi as prime minister. That, coupled with his qualified approval of the food security bill, was sufficient for...
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