-The Economic Times India is in the bottom of the world's maiden nutrition barometer along with countries like Angola, Cameroon, Congo and Yemen. The barometer — announced by Save the Children on Thursday — has analyzed the governments' commitments and outcomes in improving nutrition in 36 countries, which are home to 90% of undernourished children. The study has also compared the governments' performance in tackling under nutrition and child mortality. It has found...
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Retail FDI-for people or MNCs? -Shekhar Swamy
-The Hindu Business Line A system that generates Wealth and jobs for millions will be replaced by retail giants with the pricing power to squeeze farmers and consumers. The UPA Government announced its policy last week, of inviting big multinational retailers to come and take over the Indian market. Predictably, the pro-lobby that has worked behind the scenes has expressed delight. Oddly, the words and concerns of the masses who are about to...
More »India's 7,730 super rich collectively own $925 bn: report
-PTI However, in the corresponding period last year there were as many as 8,215 with a total Wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined Wealth amounts to a whopping $925 billion, says a study. According to the world ultra Wealth report 2012-13, by Wealth X, a global Wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...
More »Economies will perform better with more even income distribution–UN report
-The United Nations A new United Nations report advocates that governments use fiscal and labour market policies to reduce income inequality, maintaining that this not only leads to social benefits but will spur economic growth and development. Produced by the UN Conference on Trade and Development (UNCTAD), the Trade and Development Report 2012 says that recent experience, especially in Latin America and other developing countries, suggests that progressive taxation and rising public...
More »Mining baron Reddy completes a year behind bars Sep 5
-IANS Gali Janardhana Reddy, a struggling businessman who became a billionaire in less than a decade and dictated terms to BJP in Karnataka, completes a year behind bars Sep 5 on charges of illegal mining. The former Karnataka BJP minister, however, continues to make news -- for wrong reasons though, like cash-for-bail deal which has sent his brother Gali Somashekara, a Bharatiya Janata Party (BJP) legislator, also to jail. The third Reddy brother...
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