-Livemint.com The trajectory of wealth concentration in the country, not just the levels of recently estimated inequality, is important A flurry of estimates regarding Indian inequality have captured public interest recently. Whether one believes the wealth inequality numbers presented by Credit Suisse or the distributional income accounts by Lucas Chancel and Thomas Piketty, evidence seems to state that India has high economic disparities. But inequality is to be expected in a developing...
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'Need revenue for public spending,' says Arun Jaitley on high petrol, diesel taxes
-PTI 'If public spending is slashed, it will mean cutting down expenditure on social sector scheme." There is hardly any private investment,' explained Finance Minister Arun Jaitley. Finance Minister Arun Jaitley provided no indication today of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer. States levy a high amount...
More »Has demonetisation harmed non-farm employment generation in the medium term? -Roshan Kishore
-Livemint.com Despite the construction sector being in the doldrums, personal housing was holding its own—till demonetisation Prime Minister Narendra Modi promised to create 10 million jobs in five years while campaigning in the 2014 general election. After completing more than three years in office, has the government been able to deliver? We do not know for sure. Findings of a large-sample survey on employment, conducted by the National Sample Survey Office (NSSO),...
More »SBI Research says economic slowdown is real not just 'technical'
-PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that...
More »Hasty implementation of GST, demonetisation will hit GDP further: Manmohan Singh
-The Financial Express Former prime minister Manmohan Singh once again warned of sharp fall in the GDP, saying that the hasty implementation of the GST and the demonetisation are bound to affect the economic growth adversely. In an interview to CNBC-TV18, Manmohan Singh said, “Both demonetisation and GST have had some impact. GST was put on practice in haste, and there are a lot of glitches which are now coming out.” The...
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