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Indian elite must wake up to public welfare: Piketty -Nina Martyris

-The Times of India MUMBAI: Rock-star French economist Thomas Piketty said it was "very moving" for him to be in Mumbai "after what happened in Paris in the last few weeks". In a wide-ranging conversation moderated by writer Patrick French, Piketty, author of the acclaimed Capital, an exposition on global inequality, and renowned Harvard professor Michael Sandel, whom French introduced as "the public philosopher of the BBC", talked about everything from growing...

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Nearly half of India’s districts drought-hit as crisis accelerates -Samar Halarnkar

-Hindustan Times India, the father of the nation famously said, lives in its villages, or, as many call it, Bharat. There is no doubt that a great shift is underway: As 600 million move out of rural areas over the next 35 years, India will need about 500 new cities. But unless Bharat offers a fraction of the hope that ushered in Narendra Modi’s era, the ongoing urban transformation of India...

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Why higher govt spending is crucial to contain rural distress

-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...

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Commission Agent System: Significance in Contemporary Agricultural Economy of Punjab - Sukhpal Singh and Shruti Bhogal

-Economic and Political Weekly Despite favourable policy measures, growth of financial institutions and public interventions in the marketing of agricultural produce, the structure of Punjab's agricultural economy makes farmers dependent on commission agents. These agents trap the farmers in a vicious circle of indebtedness. Based on a field survey, this study locates the commission agent system in Punjab's agriculture set-up and recommends reframing it in order to extricate farmers from the...

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Don’t dismantle, reform -Sonalde Desai

-The Indian Express There is evidence to suggest that with a few modifications, MGNREGA can dent poverty. There are few government programmes that excite as much passion as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). For advocates, it is a lifeline for the rural poor. For critics, it is a programme that distorts labour markets and does far more harm than good. In this partisan quicksand, it is hard to...

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