-The Guardian International Monetary Fund paper dismisses rightwing argument that redistributing incomes is self-defeating   The International Monetary Fund has backed economists who argue that inequality is a drag on growth in a discussion paper that has also dismissed rightwing theories that efforts to redistribute incomes are self-defeating. The Washington-based organisation, which advises governments on sustainable growth, said countries with high levels of inequality suffered lower growth than nations that distributed incomes more evenly. Backing...

-The Hindustan Times Several important councils and committees formed and headed by Prime Minister (PM) Manmohan Singh have either not met even once or only rarely, according to a Right to Information (RTI) reply procured by HT from the Prime Minister's office (PMO). Important committees on nutrition, skill development, climate change, and micro, small, medium enterprises (MSME) - all under the PM's stewardship - haven't met for years, says the RTI query. Interestingly,...

-The Hindu With the era of cheap, bountiful water having been replaced by increasing supply-and-quality constraints, many international investors are beginning to view water as the new oil There is a popular, tongue-in-cheek saying in America - attributed to the writer Mark Twain, who lived through the early phase of the California Water Wars - that "whiskey is for drinking and water is for fighting over." It highlights the consequences, even if...

-The Times of India NEW DELHI: Major initiatives of the 49-day Kejriwal government may not get quietly buried under President's rule. Lieutenant governor Najeeb Jung has directed the chief secretary and departmental heads to honour and follow decisions taken by the former Aam Aadmi Party government. So, the anti-bribery helpline launched to combat corruption will remain a priority, said sources. The free water and power subsidy schemes will continue. The public grievances...

-DNA The government's lack of focus on agriculture shows its lopsided priorities. In the coming months, about 1.5 crore farmers who quit agriculture in the past seven years, are likely to trudge back into the villages. In normal circumstances such a massive reverse migration - from the cities back to the villages - would have been a sign of inclusive growth. But economists are taking this U-turn as a sign of...