-The Times of India NEW DELHI: Everybody knows that there is a chasm between the rich and the poor. But can it be measured? And, more importantly, is this disparity between the rich and poor growing or coming down? New data based on consumption expenditure surveys shows that income disparity is growing and at a rapid clip. Spending and consumption by the richest 5% zoomed up by over 60% between 2000 and...
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Sen vs Bhagwati: Parallels from an earlier titanic clash-Rupa Subramanya
-The Business Standard Can Bhagwati-Sen debate bring the same change as Hayek-Keynes duel in the US in 1932 At a time of economic crisis, a distinguished group of economists wrote a letter to a major newspaper, making a case for increased government involvement in the economy. A few days later, an equally distinguished group of economists wrote a letter to the same newspaper, arguing against the first lot. No, this...
More »Gujarat slides in both rural and urban spending, data reveals -Subodh Varma
-The Times of India There's a new trend of chief ministers, particularly those with national ambitions, aggressively peddling their respective 'development models'. Interestingly, CMs from the same party at times indulge in one-upmanship. The question is: How are people in their states actually faring? How does one know whether one 'model' is better than another? One way is to look at how much a person spends on an average every month;...
More »Assam sees drop in spending on MGNREGA in last four fiscals; down 13% in FY'13
-PTI GUWAHATI: The government's spending on Mahatma Gandhi National Rural Employment Guarantee Act scheme in Assam has been declining continuously in the last four fiscals and it dropped by 13 per cent during 2012-13. According to official documents, the total expenditure, including both the Centre and the state's shares, in Assam on MGNREGA during 2012-13 stood at Rs 651.55 crore. However, the same was Rs 748.44 crore during the previous financial year. The spending...
More »Good news on poverty-TN Ninan
-The Business Standard But many numbers point to contrary trends The latest numbers on poverty levels are dramatic; they show that the number of people below the poverty line (as defined by the late economist Suresh Tendulkar) has shrunk from 37 per cent of the population to 22 per cent, in the seven years to 2011-12. This is an unprecedented rate of fall in poverty levels; some 40 per cent of those...
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