-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....

-The Hindu We need to rethink social safety nets in India’s growing economy so that they can also focus on the accidents of life rather than solely on the accidents of birth. Sometimes the grand narratives of the Left and the Right do not seem to have any relationship with the lived experiences of ordinary Indians. For the past two decades, the Left has tried to expand social welfare programmes for the...

-The Indian Express The incentive structure, currently skewed in favour of rice and wheat, needs to become crop-neutral High prices of pulses are upsetting the food budget of many poor families. Soaring retail prices of dals — urad at Rs. 170/kg, tur/arhar at Rs160/kg, gram/chickpea at Rs 127/kg, moong at Rs 111/kg and masoor at Rs 100/kg — have made dal a luxury for the dal-bhaat and dal-roti eating population. But not...

-The Times of India MUMBAI: India's middle class has seen new entrants. Pani puri vendors, dosa sellers, carpenters, welders, launderers, drivers and cable TV technicians have all pulled themselves out of the clutches of poverty and leapt into a section of the middle class — the bedrock of the economy. A paper titled 'The Rise of the New Middle Class and the Role of Offshoring of Services', co-authored by the head of...

-Business Standard This policy involves providing products and services such as electricity and fertilisers at below-market prices New Delhi: While much of public discourse in India has tended to focus on expanding the current subsidy regime to help the poor, Vijay Joshi, economist at Oxford University, advocates shifting to a universal basic income, replacing all government subsidies with a single cash transfer to all citizens, providing them with a basic income guarantee. At...