Wealth tax: Keep it simple, tax the 177 dollar billionaires in India
India remains a low-middle-income country, and the bulk of the population ranks low compared to most countries in most indicators of conditions of life.
Building a rights-based welfare State in India
Political formations in India have generally come to accept the idea of economic transfers to the poor. The Congress made it a major plank in the recent Karnataka elections. Even the BJP, which favours...
A decent public health system is incompatible with inequality
What Thomas Piketty shows us in A Brief History of Equality, with solid data over time, is that at the beginning of the 20th Century, direct taxes amounted to about 10% of the economy...
CEA is in a State of Denial
Indiaâs Chief Economic Advisor (CEA) Anantha Nageswaranâs assertion last a few days back as reported by newspapers, that the concept of Universal Basic Income (UBI) was not necessary for India and âit may create...
As negotiation on Global Plastics Treaty gets underway, India should reconsider contradictory stance
The Indian government has kept its eye on billions in revenue from the polluting petrochemical industry while making half-hearted measures to curb plastic use.
Deadly heatwaves threaten to reverse Indiaâs progress on poverty and inequality â new research
Record-breaking heatwaves in April 2022 put 90% of people in India at increased risk of going hungry, losing income or premature death, according to our new study.
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Increasing pace of infrastructure development in India – A brief commentary from the sidelines
The infrastructure sector has been highlighted by the government agencies and the financial institutions to be a key driver for the Indian economy, propelling Indiaâs overall economic development. Infrastructure development enjoys intense focus from...
States cessed out
Cesses collected in early independent India were intended to aid the development of specific sectors. The different finance commissions from the Fourth Finance Commission disallowed the inclusion of cesses to the devolution pool as...
âCar economicsâ to explain Indiaâs skewed growth model
Somewhat like âthalinomicsâ of Economic Survey of 2019-20 which measured household incomes and âdosa economicsâ of Raghuram Rajan in 2016 to explain inflation, âcar economicsâ explains the higher-growth-higher-inequality paradigm
Time to press the panic button: Job loss is widespread and galloping
India has officially acknowledged that 62.5% of its population or 813.5 million people are extremely poor and need to be fed
An âAmrit Kaalâ which entails feeding 62.5% population with âfreeâ food
How do you describe a nation that is the fastest-growing major economy in the world and also the fifth largest economy in the world
Trade deficits hit $111 billion in November 2022 â up by 135%
Import barriers are self-inflicted wounds which is not only disabling the fourth growth engine â exports â but also increasing forex outflows
How the Climate Summit of 2022 botched up the last chance to control global warming
Our planet is all set to reach and breach the first climate red line of 1.5 degrees Celsius warmer in the next decade. With just 8 years left before the climate disaster, the COP...
L&T Finance replaced SBI as the biggest renewable energy financier in 2021: Â StudyÂ
The fifth edition of Coal vs Renewable Financial Analysis, authored by Climate Trends and Centre for Financial Accountability (CFA), was released at CFA’s annual energy finance conference hosted in collaboration with IIT Madras on Tuesday. ...
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