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Poverty rose but income inequality fell -Anup Malani Arpit Gupta, and Bartek Woda

-The Hindu There are signs that this pandemic has not followed the usual script — of the poor bearing the brunt of the pain COVID-19 has upended Indian society. Over two-thirds of the country has been infected by COVID-19 and perhaps five million or so people have died, directly or indirectly, from the pandemic. The economy too has taken a beating. Even though there has been a V-shaped recovery, output remains about...

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‘Development will eventually lead to environmental conflicts’ -Srijan Trivedi and Yashvi Churiwala

-Down to Earth With sustainable development goals in place, increasing democratisation and connectivity of the world, ecologisation of politics and vice-versa will become the new norm Nobel laureate Wangari Maathai wrote: In a few decades, the relationship between the environment, resources and conflict may  seem so obvious as the connection we see today between human rights, democracy and  peace. Decreasing resource base and the  struggle for control and power leads to politicising ecological issues...

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The pandemic’s hidden cost: Suicides among Indians who lost jobs and income -Tabassum Barnagarwala

-Scroll.in India saw an unprecendented economic upheaval in the last two years. With it came a mental health crisis – and a wave of suicides. Trigger warning: This article contains references to suicide and some people might find it disturbing. In December 2020, in response to the devastating impact of the Covid-19 pandemic, the Tata Institute of Social Sciences in Mumbai decided to set up a dedicated mental-health helpline for slum residents of...

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RBI lifts interest cap on microfinance institutions, bans usurious rates

-Business Standard Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator. The Reserve Bank of India (RBI) on Monday released its final guidelines for microfinance loans, lifting an interest cap and allowing companies to have a board-approved policy to price for such lending. The RBI will continue checking that microfinance institutions do not charge usurious rates. The regulator said each entity has to disclose pricing related information...

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Kaushik Basu, currently teaching at Cornell University in the US, interviewed by Abhinav Singh (TheWeek.in)

-TheWeek.in Well-off are doing fine; stagflation confined to middle and lower-middle classes Kaushik Basu, former chief economic adviser to the government and former chief economist of the World Bank, is currently teaching at Cornell University in the US. In an exclusive interaction, he talks about the current challenges before the Indian economy and its future growth prospects. Excerpts: Q/ Is the Indian economy moving in the right direction? A/ The performance of the Indian...

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