-Livemint.com India’s richest districts are situated along the western coastline while the poorest are clustered in the easternmost parts of the country, shows analysis Mumbai: Where do the affluent in India live? That’s the million dollar question consumer goods firms, marketers, and analysts often struggle to answer because of patchy and unreliable data. For the first time in India, an official data source provides detailed data on household assets and consumer durables that...
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Power to the rich: India needs to talk about money in politics -Devesh Kapur and Milan Vaishnav
-Hindustan Times The issue of money in politics is a matter of pressing concern across the democratic world. Recent headlines, for instance, reveal that scandals linked with political finance irregularities dot the globe. In France, former president Nicolas Sarkozy is being investigated on allegations that his 2007 campaign received millions of dollars from late Libyan dictator Muammar Gaddafi. In Brazil, former president Luiz Inácio Lula da Silva was sentenced to a dozen years...
More »Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
More »India's forex reserves are falling $2 billion per week as RBI fights to save sliding rupee -Mahua Venkatesh
-ThePrint.in The dip in forex reserves has been due to the intervention of the central bank to arrest the slide in the rupee. New Delhi: India’s foreign exchange reserves have fallen by about $2 billion per week for seven weeks now but top government officials said they were monitoring the trend and there is no cause for alarm. Economic affairs secretary Subhash Chandra Garg said funds would be raised through foreign currency non-repatriable...
More »At current rates, Bangladesh could top India's per capita income by 2020 -Krishna Kant
-Business Standard Also, over the past 3 years, GDP in dollar terms has grown 12.9%, more than twice our rate Mumbai: After trailing its big neighbour for four decades, Bangladesh has gone ahead of India in economic growth and on social development indicators. In the three years ending 2016, Bangladesh’s gross domestic product (at current prices) in dollar terms grew at a compounded annual rate (CAGR) of 12.9 per cent, more than twice...
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