-The Indian Express Why the revival of exports matters as much as rains for Indian farmers. It is generally held that the woes of Indian farmers today have had largely to do with extreme weather events. The southwest monsoon failed in both 2014 and 2015. Besides, we had extensive crop damage from unseasonal rain and hailstorms over large parts of north, west and central India in March 2015. From this also follows the...
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Water shortage could cost some regions 6% of GDP: World Bank -Mayank Aggarwal
-Livemint.com World Bank report says combined effects of growing populations, rising incomes and expanding cities will see demand for water rising exponentially, while supply becomes more erratic and uncertain New Delhi: Water scarcity, exacerbated by climate change, could cost some regions up to 6% of their gross domestic product (GDP), spur migration and spark conflict, said a report released by the World Bank on Tuesday. The report, High and dry: Climate change, water...
More »IMF warns of growing inequality in India and China -Remya Nair
-Livemint.com IMF points to problem with redistribution of incomes as high growth rates are not reducing inequality New Delhi: The International Monetary Fund (IMF) has warned that both India and China face the social risk of growing inequality. By implication, it is suggesting that there is a problem with the redistribution of incomes in both these economies as high economic growth rates are not reducing inequality. In its regional economic outlook for ASIa...
More »Thomas Piketty: 'Indian inequality still hidden' -Justin Rowlatt
-BBC French economist Thomas Piketty says there is still a "huge" gap in data about income tax in India. Official figures just released show only 1% of Indians paid tax in 2013, while 2% filed a tax return. Prime Minister Narendra Modi tweeted that publishing the data was a "big step towards transparency and informed policy-making". But Mr Piketty told the BBC the data was too thin to draw significant conclusions about levels of...
More »NREGA Workers Protest Low Wages by Returning Five Rupees to PM Modi
-TheWire.in Hundreds of NREGA workers from Manika in the Latehar district of Jharkhand have decided to send a letter, along with 5 rupees each, to Prime Minister Narendra Modi today. In a sarcastic attempt to highlight the government’s expenditure priorities and protest against the low NREGA wages even in times of drought, the workers have talked about how the government has raised the NREGA wages from 162 rupees to 167 rupees per...
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