-Outlook   The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...

-The New Indian Express   NEW DELHI: The good times may be over for non-governmental organisations (NGOs) operating in ‘mysterious' sectors like participatory democracy, advocacy, action research, innovative communication, inclusiveness etc. Sources said Foreigners Division under the Ministry of Home Affairs (MHA), is tightening the noose around such NGOs and a wide ranging reform is on the top of its agenda. "Activities of NGOs organising workshops on the regulatory frameworks, developing communication strategies, people...

-The Business Standard   Policy must target faster growth in labour-intensive sectors It was reported on Wednesday that a sample of large manufacturing companies saw their workforce grow at an average rate of almost three per cent every year over the past decade. Putting aside technical niceties such as the representativeness of the sample, to the extent that the companies covered are mostly market leaders in their respective sectors, this statistic is very...

-The Hindustan Times   The all-powerful Planning Commission may shrink, made more accountable, and forced to think long-term under the new government. Prime Minister-designate Narendra Modi is likely to dilute its over-arching financial powers and convert it into a developmental think-tank. Five Year Plans, the main mandate of the Planning Commission, may be scrapped. Instead, the panel may have to draft plans with 10-30 years on its horizon. The 12th Five Year Plan...

-Down to Earth   As India elects new government, the 12th Five Year Plan may no longer be pro-poor MUCH hope is pinned on the 12th Five Year Plan that was declared as the first health Plan by Prime Minister Manmohan Singh. The United Progressive Alliance (UPA) government, while drafting the Plan, also termed it "pro-poor" and promised the maximum budget for social welfare schemes. But as the Plan comes into force this...