-Frontline.inJean Dreze is a well-known Indian economist working in the field of "development economics". Born in Belgium, he studied mathematical economics at the University of Essex and completed his PhD from the Indian Statistical Institute (New Delhi) in 1982.He has taught at the London School of Economics and the Delhi School of Economics and is currently visiting professor at Ranchi University as well as honorary professor at the Delhi School...
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Country's non-income-based poverty level has fallen over the past 10 years, shows new report
For long, economists have argued among themselves whether income should be the only criterion for measuring poverty. After all, in real life a person can face multiple deprivations, say, in terms of access to education, health and living standards, among others. The multidimensional poverty index (MPI), which offers a valuable complement to traditional income-based poverty measures, was first introduced in the 2010 Human Development Report (HDR). The MPI looks at...
More »Who pays taxes and who doesn't -Ram Singh
-The HinduThe number of tax returns filed has gone up but collections have not shown a commensurate increaseThe Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY...
More »SC to RBI: Reply to plea over banks not passing on rate cuts -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court asked the Reserve Bank of India on Monday to break its 10-month silence and reveal its decision on complaints that banks do not reduce floating interest rates on existing loans for buying homes, vehicles or consumer durables proportionate to its repo rate cuts (rate at which RBI lends money to banks). Petitioner ‘MoneyLife Foundation’ told the court that it wrote to RBI last...
More »Household savings in banks dip for first time in four decades -Sunitha Natti
-The New Indian Express For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. MUMBAI: For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. The startling downfall of bank deposits is a first, at...
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