-The Hindu This is ‘abject poverty’, and if the Economy is to be repaired, the number of the poor has to be meticulously counted The son of a corn merchant-turned sociologist, Charles Booth had little patience for Charles Dickens and others in his time, who used lyrical prose to describe the desperation of the poor in working class London. Booth was also angry, in 1885, over the claims made by F.D. Hyndman,...
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Prices of daily essentials spike by up to 40% -Sangeetha Chengappa
-The Hindu Business Line Hike leads to 5% increase in average monthly household spend, says report Bengaluru: Prices of daily essentials and groceries in India have risen by up to 40 per cent. Consequently, monthly average household spend on essentials and groceries has gone up by 5 per cent since the April-June quarter of 2020, reveals a report by Ratan Tata-backed retail digitisation start-up SnapBizz. The report highlights that the FMCG price inflation...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Esther Duflo, Raghuram Rajan, Arvind Subramanian in economic advisory council to Tamil Nadu CM -Janardhan Koushik
-The Inidan Express A white paper detailing the true state of Tamil Nadu’s finances will be released in July, said Governor Banwarilal Purohit during the first session of the 16th state legislative assembly in Chennai. Chennai: The Tamil Nadu government will form an economic advisory council comprising Nobel laureate Esther Duflo of the Massachusetts Institute of Technology (MIT), USA and former Reserve Bank of India governor Raghuram Rajan to advise the chief...
More »Covid has devastated India’s self-employed women -Mirai Chatterjee
-ThePrint.in Women employed as domestic workers in India’s cities have lost work in vast numbers, forcing many to return to their home villages. Lasuben Shivlal Raval is a 70-year-old grandmother from Ahmedabad in India. She has worked as a ‘headloader’ – a goods carrier – in one of the city’s biggest wholesale cloth markets for decades. Her work was always tough, but life became immeasurably harder for Lasuben and her fellow workers...
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