Issue: October 2016
 
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Cover Story 
Textiles’ – the word brings up images of beautiful drapes – cotton, silk, chiffon, lace. Whether it is the material draped on the figurine of the lady f...
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Lead Article

Textiles the word brings up images of beautiful drapes cotton, silk, chiffon, lace. Whether it is the material draped on the figurine of the lady from Mohenjadaro, the stylish drapes of Cleopatra, the ball dance gowns of the Victorian Era or the lovely dresses worn by our own queens and princesse...

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Articles
  Tapping Sustainable Energy Alternatives
  The second lead article, which is also focus article, is written by Shri N Bhadran Nair. Citing a report of the World Health Organisation, the author has advocated for tapping sustainable energy alternatives
  Financing Renewables in India
  The third article is written by Shri P C Maithani, Adviser, Ministry of New and Renewable Energy. He has focussed on renewable energy resources
  Steps to Achieve India’s Solar Potential
  The special article is written by Sumant Sinha, Chairman and Managing Director of ReNew Power. He opines that India must also honour its global commitments on curbing greenhouse gas emissions
Factor Income Inequalities In India: Contours and Implications
Tulsi Jayakumar

THE INTELLECTUAL discourse on income distribution (and its inequalities) and its implications for growth and development has undergone “dramatic transformations” in the past century (Galor, 2011). We have witnessed a paradigm shift from the classical view that inequality has a beneficial impact on growth, to the neoclassical suggestion that income distribution has a limited role in the growth process, onto the modern view that has emphasized the potential adverse impact of inequality on development. Yet, with the publication of Piketty’s ‘Capital in the 21st century’ (Piketty, 2014) and its emphasis on functional income distribution, such a debate seems to have come full circle from the days of classical economists. While the post-World War II period has been dominated by the conception of inequality as that inherent in personal or household income distribution, much of classical economics was actually concerned with the distribution of income between labour and capital – the functional income distribution. How does this change in perspective from personal to functional income distribution (and the resultant inequalities) affect the growth development debate in India? How are inequalities measured in India and what are the drivers of functional inequalities? Finally, what are the policy implications of such a changed perspective? These are the issues that we will consider in this article.

 
 
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Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
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