As India’s urban population grows, developing high-quality mass transit systems becomes essential, but financing remains a challenge. Implementing advertising, leasing space, property development, and shopping at stations can significantly enhance financial sustainability for metro companies. I disembarked at a metro station in Delhi and as the gleaming coaches of the train sped off, I marveled […]
Inefficient management of public funds leads to missed opportunities for governments to invest in development priorities like education, healthcare, and infrastructure. Too often, governments borrow money while holding surplus funds that earn little or no returns. To address this, many countries have adopted the Treasury Single Account (TSA), an essential tool that brings all government […]
Tax data suggest that while inequality between countries has fallen dramatically, inequality within countries has risen. Household surveys point to much lower within-country inequality, but may suffer from underreporting of income. This column uses a new method to estimate the degree to which the rich report a lower fraction of income than the poor do, […]
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