Inheritance Tax & Inequality: Global experience and lessons for India

Income and wealth concentration in India today is very high by international and historical standards. One of the factors that is attributable to concentration of wealth is that inherited wealth and invested capital (in the stock market, in real estate) grows faster than income. Taxing this...

Charter of demands for implementation of PWDVA Act,2005

Domestic Violence not only violates the human right but also violates one in terms of economic, health, mental and social perspective. In a patriarchal setup, domestic violence is often downplayed and internalised as “Natural”. The Protection of Women from Domestic Violence Act 2005 (PWDVA)...

Tackling Extreme Inequality In India

Despite a substantial decline in poverty, a persistent increase in inequality in favour of the top 1 per cent of the population over the decades has been a global phenomenon. Like many other countries, it is an area of concern also for India. The problem can be addressed through initiatives of...

25 years after liberalisation: India must realise that wealth isn't development unless it is shared

If India stops inequality from rising, it could end extreme poverty for 90 million people by 2019.Twenty five years ago, on July 24, 1991, Finance Minister Dr Manmohan Singh rose in Parliament to present a budget speech that was to alter the destinies of India and its people in fundamental ways. He...

Basic Income: A radical idea for eliminating poverty

I imagine most of my readers have never heard of Dauphin, Manitoba. A small, farming community in Canada, Dauphin is a town that was part of an experiment back in the 1970s. The “mincome” project was launched in 1974, and offered everyone a minimum income. Unfortunately, the project was shut down...

53 men and 9 women own as much wealth as half the world's population, Oxfam says

The gap between the richest and the poorest is widening.A new report from Oxfam International, "An Economy for the 1%," says that the richest 1% of the world's population now own more than everyone else combined, while 62 of the world's richest people own about the same as the bottom half of the...

An Economy for the 1%

The gap between rich and poor is reaching new extremes. Credit Suisse recently revealed that the richest 1% have now accumulated more wealth than the rest of the world put together. This occurred a year earlier than Oxfam’s much publicized prediction ahead of last year’s World Economic Forum....

62 People Own Same Wealth as Half the World

The Oxfam report An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent. This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, the...

Surging tides of inequality

Children and grandchildren of the poor will remain impoverished, regardless of their potential and hard work.Robust and lasting growth requires reducing inequalities, which undermine the productivity and morale of working people, and limit the number of people who could participate in the market.In...

The Political Economy of Capitalism, ‘Development’ and Resistance: The State and Adivasis of India

Reflections on the political economy of capitalism, ‘development’, and resistance, as it plays out between a strongly interventionist State and the adivasis of mainland India.