-Livemint.com The impact of demonetisation on the organized sector creates a visible effect. The suffering of Bharat is diffused, invisible, but hugely more painful ‘Why doesn’t the informal sector, supposedly badly hit by demonetisation, protest or scream in pain?’. Defenders of demonetisation often pose this question. The question assumes that the suffering poor people face because of government policies always finds political expression. If you want an answer to the question, please...

-Livemint.com Mere demonetization would not serve the purpose, it would have to be taken in conjunction with other measures to correct systemic faults and not just destruction of cash Most of the country and even foreigners are going gaga over the move by the government to demonetize high-denomination notes. A presumption has been made that they mostly reflect black money or unaccounted wealth. A bold move indeed and there are many who...

-Livemint.com Middle India is largely rural and uneducated, shows the ‘Household Survey on India’s Citizen Environment & Consumer Economy’ New Delhi: India’s richest quintile accounts for 45% of aggregate household disposable income while the poorest quintile earns barely 7% of the aggregate income pie, according to the latest data from a nationally representative survey conducted this year. The Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° survey), covering 61,000 households,...

-Livemint.com 98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India’s consumer economy The average monthly household income of the richest 1% of Indians is Rs.66,627 and that of the richest 10% is Rs.35,605, according to the latest data from a nationally representative survey, the Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° survey) conducted in 2016. Given that these income estimates...

-The Hindu Business Line An Odisha organisation is working hard to preserve traditional foods and prevent the mainstream from swallowing up local knowledge systems Inside a candy pink-and-yellow shamiana, a group of children in blue uniforms line up in front of stalls heaving with different kinds of foods. Tubers in shades of brown, beige and cream; pink and red berries; tiny yellow, orange and red tomatoes; leaves of many sizes and shapes;...