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The pillars of an equitable post-COVID India -S Mahendra Dev

-The Hindu In the post-pandemic world, addressing Inequality is key to sustaining growth and well-being COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India’s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than ₹150 per day more than doubled. The Pew report...

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Not for profit: why schools hiking fees arbitrarily must be reined in -Akshay Tarfe

-The Indian Express Maharashtra government’s move to regulate fees is laudable. But it must also address larger issues of transparency, accountability and Inequality related to private schools In February, Maharashtra Minister of State for Education Bacchu Kadu directed the state education department to create a “plan” to take action against private schools allegedly charging excessive fees and repeatedly violating state regulations on school education. Kadu has been at the forefront of hearing...

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Why privatising public assets is poor economics, impetus to greater wealth Inequality -Prabhat Patnaik

-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....

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Women's Day: UNDP bats for temporary basic income to combat COVID-19 -Madhumita Paul

-Down to Earth Monthly investment of 0.07-0.31% of a developing countries’ GDP can provide financial security to 613 million working-age women living in poverty A temporary basic income (TBI) for poor women in developing countries can help millions of them cope with the effects of the novel coronavirus disease (COVID-19) pandemic, according to United Nations Development Programme (UNDP) findings released on March 4, 2021 ahead of International Working Women’s Day.   The large-scale...

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The Survey as policy with ideological overtones -MA Oommen

-The Hindu To say that growth and Inequality converge in terms of their effects on socio-economic outcomes is outrageous The Economic Survey 2021 (https://bit.ly/2OfqfVQ) does not seem to be a policy document derived straight from the empirical data of the economy or the social compulsions embedded in it. On the contrary, the Survey rings with policy postulates based on strong ideological overtones. Of interest would be Chapter 4, captioned ‘Inequality and Growth:...

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