-ThePrint.inThe idea that all public initiatives to improve well-being are failing or dispensable is evidently wrong.In recent years, a debate has raged in India on what is the level of poverty in the country and whether it has changed, either to reflect the arrival of a new India or the persistence of an old one. Prime Minister Narendra Modi?s government stopped producing official estimates of poverty when it abolished the...
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Widespread privatisation marginalises the poor: UN report -Maitri Porecha
-The Hindu Business Line New Delhi: Widespread privatisation of Public Goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty, according to a new report, released by the United Nations (UN). The 25-page report by the UN is eye-opening in the light of Indian government think-tank Niti Aayog releasing Guidelines for Public-Private Partnerships (PPPs) for tackling Non-Communicable Diseases (NCDs) in government-run district hospitals. Niti Aayog's...
More »Privatisation Harms Poor and Needy, Says UN Poverty Expert -Subodh Varma
-Newsclick.in In a report to the UN General Assembly, Philip Alstom urged a rethink by governments as also multilateral bodies, like IMF and World Bank, and even parts of UN. Widespread privatisation of Public Goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty, according to a hard-hitting new report. The report was transmitted to the UN General Assembly on 19 October. Philip Alston, the UN...
More »What ails the Indian banking sector? -Pronab Sen
-Livemint.com The problem escalated due to the government’s focus on infrastructure during 2002-09, especially with the efforts made to promote public-private partnerships The past two years or so have seen rapidly increasing stress in the Indian banking sector, with non-performing assets (NPAs) steadily climbing from under 3% to over 13% of total assets. Loan-loss provisioning for NPAs has seriously eroded the capital base of several banks, limiting their ability to make further...
More »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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