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Are India’s elite abandoning the country’s poor and vulnerable? -Deepanshu Mohan

-Scroll.in At a time when upper classes continue to thrive on waves of profit maximisation, the social and economic safety net of the poor has been gradually eroding. Amidst all the talk on two Bharats, are we seeing a time horizon where India’s elite may abandon the country’s poor and vulnerable? This is a question I have been contemplating about for a few months now. My curiosity peaked days after the recent Union...

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Misleading Picture of Household Wealth -CP Chandrasekhar and Jayati Ghosh

-The Hindu Business Line/ NetworkIdeas.org In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that Conspicuous consumption is on the rise. This has led observers to conclude that income and wealth inequality in India has increased. Hard evidence on the extent of that increase is difficult to...

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A Low Growth, No Employment and No Hope Budget for ‘Aspirational India’ -KP Kannan

-Economic and Political Weekly The Union Budget of 2020 is conspicuous by its non-recognition of the ongoing and widely discussed slowdown of the economy, let alone its impact on the different sections of the people. Given the negative growth in employment and consumption in the rural economy, the budget seems like a cruel joke on the plight of the poor, in general, and women, in particular. Instead of measures for boosting...

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Against the grain-Surinder Sud

-The Business Standard   Millet is not only a rich source of nutrition but also mitigates climate change. It's time it was treated on a par with wheat and rice Dubbed by the health-savvy as nutri-grains, millet has been the victim of uncalled-for neglect. It has gradually been eased out of farmers' fields as well as from consumers' menu because of ill-advised procurement and price support policies. Even those who traditionally consumed millet,...

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True Progressivism

-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “Conspicuous consumption” dates back to 1899....

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