ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Fallacy of Trickle-down Economics: Whom Does ‘Wealth Creation’ Benefit?

While the theory of “trickle down” of wealth to the poor is often invoked to support the government’s neo-liberal policies, such as tax cuts and other financial incentives for the private sector that benefit the rich, in reality, such policies have not been successful in bridging economic inequalities.

A Risk Perspective on the Union Budget 2001

Since the government has claimed to initiate second generation economic reforms with the budget for 2001-2002, it is useful to discuss the budget proposals with reference to their impact on the incidence of risk and the risk-bearing ability of the central government.
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