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India's richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam

-PTI At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said...

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Powering agriculture via solar feeders -Ashwin Gambhir & Shantanu Dixit

-The Hindu Business Line They not only provide a reliable supply of electricity, but will also help reduce the subsidy outgo of States Two-thirds of the total irrigated area in India uses groundwater pumping, powered by more than two crore electric and 75 lakh diesel pumps. Access to groundwater depends on reliable and affordable electricity supply. This is an important issue as it concerns livelihoods of the rural poor and food security...

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India says it is set to reach emission goal on time -Jayanta Basu

-The Telegraph Country is also on track to having 40 per cent installed electric power from non-fossil fuel sources: Harsh Vardhan Katowice (Poland): India is on track to achieving its 2030 targets to curb its greenhouse gas emissions, environment minister Harsh Vardhan asserted at a global climate summit on Monday and asked developed countries to enhance their actions. Vardhan, speaking on the summit’s first day, said the issue of restructuring targets would hinge...

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Costlier food, fuel push Sep wholesale inflation to 2-month high of 5.13%

-PTI Inflation in 'Fuel and Power' basket in September was 16.65 per cent Inflation based on wholesale prices rose to a two-month high of 5.13 per cent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel. The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year. According to the government data released Monday, food...

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Cause for caution: On India's GDP growth -Puja Mehra

-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot...

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