United Nations Global Compact (UNGC) report, released this week, stating that richest 1% Indians own 53% of the total, second worst in terms of wealth inequality, puts again a question mark over India’s developmental model. As per an IMF paper, Gini coefficient has risen sharply for the nation since 1990 despite significantly higher growth rate. So, is it is impossible to achieve both growth and lower income inequality and are the two mutually exclusive. A brief look..
The Economic Survey has floated the idea of Universal Basic Income (UBI) which essentially means transferring a certain amount of money into the account of people rather than trying to reach out to them through the welfare schemes. As per the Survey, it is an idea whose time has come for serious discussion. A look at the rationale for the scheme and various pitfalls..
The Economic Survey, presented just a day before the Budget, loses the attention it deserves in the din of Budget. However, the Report, nothing less than a holy book for the economist, carries wealth of information, to be covered in a series of articles, the first being this..