For about a week after the Dubai crisis broke, international financial markets chose to ignore it. Stock-markets climbed, commodity prices rose and the dollar continued to be beaten down. It is not too difficult to explain this initial indifference. For one, the magnitude of the Dubai crisis appeared piffling, at first glance, compared to the “subprime” crisis or the meltdown following “Lehman’s bust”. When global banks had run up losses...

The increase in the number of civil cases in a country is its social mascot, as it symbolises the abundance of law abiding civilised citizens accepting the authority of the judiciary to get their grievances redressed. Otherwise, they would have turned to self-retaliation or employed roughnecks, a usual practice in America and Britain enkindled by their criminal heritage, to enforce justice in their own way; hence all civil litigants may...

  KEY TRENDS   • The report entitled Pradhan Mantri Fasal Bima Yojana: An Assessment from the Centre for Science and Environment (released on 21 July, 2017) finds that PMBY is not beneficial for farmers in vulnerable regions. For farmers in vulnerable regions such as Bundelkhand and Marathwada, factors like low indemnity levels, low threshold yields, low sum insured and default on loans make PMFBY a poor scheme to safeguard against extreme weather events. CSE's...

KEY TRENDS    • The proportion of households which completed 100 days of wage employment under MGNREGA in total households that worked was 6.02 percent in 2014-15, 10.07 percent in 2015-16, 7.79 percent in 2016-17 and 5.78 percent in 2017-18 @$ • Completed works as a proportion of total works was 30.15 percent in 2014-15, 29.39 percent in 2015-16, 40.27 percent in 2016-17, 32.01 percent in 2017-18 and 3.3 percent in 2018-19 (as on 7th May, 2018) @$   • In...

KEY TRENDS  • The new Cohort-based Migration Metric (CMM) shows that inter-state labor mobility averaged 5-6.5 million people between 2001 and 2011, yielding an inter-state migrant population of about 60 million and an inter-district migration as high as 80 million @* • The first-ever estimates of internal work-related migration using railways data for the period 2011-2016 indicate an annual average flow of close to 9 million migrant people between the states. Both these estimates are significantly greater than the...