-India Today After demonetisation, GST could be another headache for the government. According to a survey conducted on completion of two months of GST, 54 per cent people complained about rising monthly household costs. In a series of online surveys, conducted by a citizen grievances portal having a tie-up with the consumer affairs department of the central government, one in every two persons has reported a rise in household costs after the...
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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 »Wealth in India: The poor do not count -Manas Chakravarty
-Livemint.com The richest household’s assets are worth much more than that of all the others combined and the same conclusion holds if we take the distribution of rural assets We all know that Credit Suisse reckons that the richest 1% of Indians own 58.4% of the nation’s wealth, up from 36.8% in 2000. What is perhaps not so well-known is that, according to the Credit Suisse report, the bottom 70% of Indians...
More »Extending food security
-The Hindu The Centre’s coercive method has worked. Tamil Nadu and Kerala, the two States that were holding out against pressure from New Delhi to implement the National Food Security Act (NFSA), have also fallen in line. By threatening to raise the price at which it was allocating foodgrains if they did not implement the law, the Centre has managed to get these two States to agree to the implementation of the Act...
More »LPG for every Indian household -Abhishek Jain
-The Hindu The Pradhan Mantri Ujjwala Yojana scheme, which recognises the importance of clean cooking energy, is welcome. But we need to focus on issues of cash flow, awareness, availability and administration Within a fortnight of the recently announced Union Budget, the Cabinet Committee on Economic Affairs approved the Pradhan Mantri Ujjwala Yojana, earmarking Rs. 8,000 crore for it, with the aim of providing five crore subsidised Liquefied Petroleum Gas (LPG)...
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