-The Hindu The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in the early 1980s and rising to 22% today, says renowned economist Lucas Chancel According to a research paper by renowned economists Thomas Piketty and Lucas Chancel, income inequality in India is at its highest level since 1922, the year the Income Tax Act was passed. In December, they will...
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As netas get mega rich in 5 years, SC seeks report -Amit Anand Choudhary
-The Times of India NEW DELHI: The exponential rise in the assets of MPs and MLAs during their tenure as lawmakers has come under judicial scanner with the Supreme Court on Wednesday directing the Centre to file a comprehensive report on what action or probe it has conducted against 289 legislators, including some senior leaders. The MPs and leaders who figure on the list are from all parties and in some cases...
More »Drought-hit Karnataka forcing farmers to switch from paddy to ragi -Sharan Poovanna
-Livemint.com Karnataka govt has stopped the sale of paddy seeds in some districts hoping to get farmers to switch to ragi and jowar among other coarse grains Bengaluru: Following a lukewarm response to its promotional efforts, Karnataka has resorted to more forceful measures to get farmers in the Cauvery command area to switch from cultivating water-intensive crops such as paddy and sugarcane to drought-tolerant millets as part of a plan to stabilize...
More »Demonetisation is a Clear Case of How Public Policy Should Not be Made -Arun Kumar
-TheWire.in Demonetisation as a means of tackling the black economy was destined to fail. What’s worse is that its ripple effects are having severe adverse effects on India’s economy. That 99% of the currency demonetised found its way back to the RBI has been known for some time. The surprise is why it took so long for the announcement to be made. An article in the Economic and Political Weekly in June...
More »Demonetisation: The chronicle of a failure foretold -C Rammanohar Reddy
-Scroll.in Because the exercise was doomed to fail in its primary objective of rooting out black money, the government kept changing its aims. We have travelled a long way from November 8, 2016, when Prime Minister Narendra Modi told us that the black money held in Rs 500 and Rs 1,000 currency notes would become “worthless pieces of paper”. Now, we are told by the finance ministry that the government expected...
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