-Livemint.com The trajectory of wealth concentration in the country, not just the levels of recently estimated inequality, is important A flurry of estimates regarding Indian inequality have captured public interest recently. Whether one believes the wealth inequality numbers presented by Credit Suisse or the distributional income accounts by Lucas Chancel and Thomas Piketty, evidence seems to state that India has high economic disparities. But inequality is to be expected in a developing...
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Narmada dam: Public finance, public play -Sudeep Chakravarti
-Livemint.com For the people of India and their “faith” in the Sardar Sarovar dam, it’s really a matter of public finance Optics is as air for politicians. It is no different for Prime Minister Narendra Modi and what is commonly known as the Narmada Dam. But even air can sometimes get dense with rhetoric. On 17 September, Modi inaugurated the Sardar Sarovar Dam, the largest project of the Narmada, or Sardar Sarovar Project,...
More »'Arbitrary' Method Used to Appoint New CAG, Despite Modi Government's Talk of Transparency -Gaurav Vivek Bhatnagar
-TheWire.in According to NGO Common Cause, Modi missed an opportunity to to set a high benchmark to fight systemic corruption by not putting in place an accountable system to appoint the new Comptroller and Auditor General. An NGO that played a critical role in transforming the way natural resources are allocated by filing PILs in the coal block allocations and 2G spectrum allocation cases, has criticised the Narendra Modi government for following...
More »DeMo was ethically flawed -A Srinivas & Sandhya Rao
-The Hindu Business Line The possible gain arising out of tax compliance has come at too high a human cost ‘There are three kinds of lies: lies, damned lies, and statistics.’ – Benjamin Disraeli After the RBI’s latest revelations — of 99 per cent of the extinguished currency having returned to the banks — media pundits and economists have wasted no time in saying that efforts to obliterate black money have failed. However,...
More »Raghuram Rajan breaks silence, says he wasn't on board for demonetisation -Rajesh Mahapatra
-Hindustan Times Raghuram Rajan makes the disclosure in his latest book -- I do what I do – which is a compilation of speeches he delivered on a wide range of issues as the RBI governor. Former RBI governor Raghuram Rajan has revealed that he did not favour demonetisation as he felt the short term economic costs associated with such a disruptive decision would outweigh any longer term benefits from it. Rajan...
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