-The Hindu Why measuring inequality is not the same as measuring changes in the level of poverty in India In recent years, there has been a lot of discussion on increasing inequality within several countries of the world, including India, particularly after the publication of Thomas Piketty’s book on inequality. It is true that rising inequality has adverse economic and social consequences. The Gini coefficient or other measures of inequality are being...
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Forget job growth, employment in India actually fell between 2014 and 2016 -Manas Chakravarty
-Livemint.com Data from the latest KLEMS India database shows that employment in the Indian economy shrank by 0.1% in 2015-16 and by 0.2% in 2014-15 Mumbai: Employment in the total Indian economy shrank by 0.1% in financial year 2015-16 and by 0.2% in 2014-15. Far from more jobs being created, employment has actually contracted. That is the finding from the latest KLEMS India database, a research project supported by the Reserve Bank of...
More »Corporates make 73% of public sector bank bad loans -Sunny Verma
-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...
More »All Kerala, Mizoram households are open defecation free -Priscilla Jebaraj
-The Hindu Only 44% of households in Bihar, U.P. use toilets 100% of the time: survey Kerala and Mizoram top the list of States, with 100% of households which do not practise open defecation, while Uttar Pradesh and Bihar are at the bottom of the rankings, with less than 44% of such households, The Hindu’s analysis of the raw data generated by a government-commissioned survey finds. Sixty eight per cent of rural households...
More »Soon, real-time e-database of ration cards to weed out fakes -Dipak K Dash
-The Times of India NEW DELHI: The central government will soon set up a real-time online database of ration cards and the beneficiaries under the national food security scheme to end any possibility of anyone procuring a fake or more than one ration card from any part of the country. The system will also enable lakhs of migrant workers to get subsidised foodgrains irrespective of the place from where the cards...
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