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Story of a fraying capitalism-Ashoka Mody and Michael Walton

-The Indian Express   India's rentier capitalism is an inset in the big picture drawn by Thomas Piketty   French economist Thomas Piketty has written a scholarly tome with the humdrum title, Capital in the 21st Century. The book has become an overnight sensation because Piketty documents an inherent tendency for ever-increasing inequality of income and wealth in capitalist economic systems. It is not an accident, he says, that many will be left behind...

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Economist Thomas Piketty, professor at the Paris School of Economics interviewed by Subodh Varma

-The Times of India   Is wealth trickling up instead of down? Yes, says rockstar economist Thomas Piketty whose new book proposing a wealth tax on the super rich has sparked off a firestorm. Excerpts from an exclusive interview... His book Capital in the Twenty-First Century has put the spotlight on Thomas Piketty, transforming the Paris School of Economics professor to global superstar. In these troubled times, he highlights a troubling issue:...

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El Nino likely to cause loss of Rs 1,80,000 crore this year: ASSOCHAM -Soma Basu

-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...

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How data can address food security -Pravin Chandrasekaran

-The Hindu Business Line Given the analytical output, it will become easier for governments to take decisions Global country risks, weather uncertainty, crop failure, lack of hedging instruments, increased capital costs, lack of insurance mechanisms and logistical bottlenecks are just a few of the issues that lead to volatility in prices of agricultural commodities. This volatility, combined with a steady increase in demand for food around the world, has forced us to accept...

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A grain of sense-Aditya Puri

-The Indian Express How Punjab is making the best use of the flawed public distribution system. Inclusive economic growth is a political, economic and social necessity. The question is: what is the right strategy to ensure this? Most of our programmes to help the underprivileged have suffered from leakages and inefficiencies, so that the benefits have not accrued to the targeted groups but the strain on our fiscal deficit remains. Subsidies are...

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