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The black money monster

-The Times of India   The high drama over Baba Ramdev's midnight eviction and action against the peaceful gathering has shifted the focus away from the central is sue raised by the Baba – black money overseas – to the right to protest in a democracy. This being the case, there is danger of an uninformed debate on black money taking over, guided more by emotions and populist talk rather than...

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Political will missing in the fight against black money by Mythili Bhusnurmath

If you want to kill any idea in the world, get a committee working on it,' quipped Charles F Kettering , the famous American engineer and inventor of the electric starter. Well, the government has done just that! It has appointed an eight-member committee to examine ways to tackle black money. Perhaps that is too cynical! After all, the flurry of activity (the committee is only one of a series...

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For drafting an ideal Lokpal Bill by Arun Kumar

The success of the institution of Lokpal will depend on limiting its scope to the very top of the hierarchy. That will make it manageable and lead to accountability down the line. The drafting of the Lokpal bill is back in the news after the round of Assembly elections. The co-chairperson of the high-power committee involved in the drafting has said that progress is slow and that the June 30 deadline...

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Cash Transfers as the Silver Bullet for Poverty Reduction: A Sceptical Note by Jayati Ghosh

The current perception that cash transfers can replace public provision of basic goods and services and become a catch-all solution for poverty reduction is false. Where cash transfers have helped to reduce poverty, they have added to public provision, not replaced it. For crucial items like food, direct provision protects poor consumers from rising prices and is part of a broader strategy to ensure domestic supply. Problems like targeting errors...

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India versus China by Amartya Sen

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...

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