-TheWire.in 'They want to celebrate the commercial aspect of Christmas but don’t want Christmas to be there,' said John Dayal, former president of the All India Catholic Union. New Delhi: Incidents of anti-Christian protests, ruckus and misdemeanour perpetrated by rightwing Hindutva organisations were reported both on news outlets and across social media in the lead up to and on Christmas Day, across states. Uttar Pradesh 1. On Christmas eve, members reportedly belonging to the...
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What rising inequality means -S Irudaya Rajan and Udaya S Mishra
-The Hindu Redistribution measures have been ineffective and there are no policies discouraging accumulation of income and wealth The COVID-19 pandemic has exposed the stark divide between the rich and the poor. At this juncture, evaluating the state of inequality serves as an eye-opener on the income/wealth divides prevailing across regions. Such divides are represented in terms of the share of income/wealth among the top 10% of the population against the bottom...
More »US Inflation and India’s Economic Recovery -Prabhat Patnaik
-NetworkIdeas.org The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of the preceding year had been 6.8 per cent in the US, which was higher than the corresponding rate in any month over the previous 40 years; in particular, petrol prices...
More »India among top countries in inequality; 10% hold 57% income: Report
-Livemint.com The average national income of the Indian adult population is ₹204,200. While the bottom 50% earns ₹53,610, the top 10% earns more than 20 times ( ₹1,166,520) India has emerged as the most unequal country with the top 1% of the population holding more than one-fifth of the total national income in 2021, according to World Inequality Report 2022. The report added that that the average national income of the Indian adult...
More »India’s informal economy has not shrunk -Santosh Mehrotra and Kingshuk Sarkar
-The Hindu An SBI Research study’s claim that there is greater formalisation of the economy is unfounded According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let’s examine each of these. The report claims that the share of the...
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