DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of Covid-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...
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Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »Top 1% of Indians own 40.5% percent wealth, bottom 50% has around 3% - Oxfam Inequality report
Following the pandemic, the income of the bottom 50 per cent of the population is estimated at 13 percent of national income and 3 percent of total wealth Apoorva Mahendru, Kanishk Gomes, Mayurakshi Dutta, Noopur, Pravas Ranjan Mishra Oxfam International's annual inequality report makes for stark reading. The India supplement, part of the main report, states that the top 1 percent of Indians own nearly 40.6 percent of the total wealth in...
More »Prof. Satyajit Rath, National Institute of Immunology, interviewed by Sandipan Talukdar (Newsclick.in)
-Newsclick.in There is no evidence either of the subvariant being particularly more transmissible than other variants of the Omicron lineage, according to the eminent immunologist. BF.7, the new Omicron subvariant which has triggered a surge in China, has also been detected in India. Till the filing of this article, India hadrecorded only four BF.7 cases. New precautionary measures taken by the government, including advisories on wearing masks in public places and avoiding...
More »Why quality of free legal aid remains poor in India -Suryanshi Pandey
-IndiaSpend/ Scroll.in Legal aid lawyers are grossly underpaid, poorly treated and overworked. Ayush* is a legal aid counsel providing free services for criminal cases to those who cannot afford lawyers, at the Karkardooma District Court in Delhi. He makes about Rs 5,000 a month, on average, he told IndiaSpend. In April, former Supreme Court Justice Uday U Lalit said: “Legal aid to the poor does not mean poor legal aid. There has to...
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