-Financial Express With an aim to honour renowned India-born economist Amartya Sen, the London School of Economics and Political Science, has announced a Chair in Inequality Studies in his name. The Nobel laureate served as a professor in the economics department at the institute from 1971-82. The person holding the position would also serve in the capacity as the Director of the International Inequalities Institute at LSE, the institute said on its...

-ThePrint.in French economist defends Congress' minimum income guarantee scheme, says India's poor have been 'badly treated by the country's elite'. New Delhi: French economist Thomas Piketty has defended the Congress party’s poll promise of minimum income guarantee (MIG), saying that India’s poor have been “badly treated by the country’s elite”. “It is high time to move from the politics of caste conflict to the politics of income and wealth distribution,” Piketty said in...

-ThePrint.in British economist Angus Deaton, a 2015 Nobel Prize winner, and French economist Thomas Piketty are helping Congress shape its minimum income scheme. New Delhi: Angus Deaton, the British economist who won the Nobel Prize in 2015, and French economist Thomas Piketty are advising the Congress on its ambitious poll promise of minimum income guarantee (MIG) to the poor, party leaders have told ThePrint. Congress president Rahul Gandhi declared Monday that the party...

-The Hindu Business Line Roy tracks how microfinance, despite its blemishes, has empowered the unbanked in the country For the poor in rural India, till not very long ago, credit meant the unscrupulous mahajans who roamed the villages with wads of cash. Dime a dozen Bollywood movies had depicted the wily moneylender who not just ripped off the hapless creditors, but who was also cruel enough to grab their movable and immovable...

-Financial Express Grain production plummeted from 89.4 million metric tonnes (MMT) in 1964-65 to 72.4 MMT in 1965-66. India became heavily dependent on PL 480 food aid from US and underwent a ‘ship-to-mouth’ crisis. October 16 is celebrated as ‘World Food Day’ to mark the creation of United Nation’s Food and Agriculture Organization (FAO) in 1945. It envisions zero world hunger by 2030. Perhaps the occasion is incomplete without remembering Nobel Peace...