-The Tribune A farmer ends his life every 30 minutes in India. There are some who don’t end up in this pile of statistics and are saved through timely action of family and friends. Ramrao Panchleniwar, a cotton grower in Maharashtra’s Vidarbha region, is one such survivor. He wished to drown his financial worries in two bottles of insecticide in 2014. In this book titled after him, Ramrao’s life and near-death...
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Economic lessons for India from the Evergrande crisis in China -Vivek Kaul
-Livemint.com Real estate must contribute more to our economy and that calls for sectoral reforms and cheap homes Over the past few weeks, the financial and economic world has been worried about the likely collapse of Evergrande, the world’s most-inDebted real estate company. At the same time, the bigger issue of China’s dependence for growth on its real-estate sector remains. In a working paper titled, Peak China Housing, Kenneth S. Rogoff and Yuanchen...
More »IMF’s Issue of Fresh SDRs -Prabhat Patnaik
-Networkideas.org The International Monetary Fund has announced a fresh issue of $650 billion Special Drawing Rights in August which would be distributed among member countries in proportion to their IMF quotas. This amount is less than what had been demanded by many, which was a trillion dollars, but it does represent a small temporary comfort for the heavily inDebted third world countries. Almost all of it will go into the pockets of...
More »India's income divide narrows, wealth divide persists: Survey data -Ishaan Gera
-Business Standard The top 10 per cent among the country's households own more than 50 per cent of the assets. India’s top 10 per cent households three years ago held 55.67 per cent of the wealth in urban areas and 50.84 per cent of it in rural, shows data released by a state survey last week. Results from the National Sample Survey Organisation’s All India Debt and Investment Survey (AIDIS) for 2018-19 are...
More »Southern states had a higher proportion of inDebted farm households in 2019, shows NSO survey
The Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round), which was released recently, informs one about farm households' income in the crop year 2018-19 and inDebtedness in 2019 (as on the date of survey), among other things. Prior to the recent report, Land and Livestock Holding Surveys (LHS) and Situation Assessment Survey (SAS) of Agricultural Households used to be...
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