-The Indian Express The average wealth of Indians in mid-2019 has more than doubled from last year and is estimated at $14,569. In 2018, the average wealth of Indians was $7,020. If seen from the perspective of the decade, from 2000 to 2019, wealth per adult grew by an average of 11 per cent annually. Although India ranks fifth globally in terms of the ultra-rich population — those with wealth in...
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The slow climb to the trillion economy peak -Indira Hirway
-The Hindu There has to be a focus on human capital formation and in addressing the real reasons for the economic slowdown On Independence Day, the Prime Minister expressed confidence that India would be a $5-trillion economy in 2024, a line that has been picked up by ruling party leaders, Ministers and also senior government officers. However, this is surprising as the impact of economic growth on major development goals — examples being...
More »Tamil Nadu: Lion's share of bank loans against gold, villages fall prey to loan sharks -Arun Janardhanan
-The Indian Express Census data of 2011 shows a 17.74 per cent increase in worker population since 2001, indicating a crucial shift from farms as productivity fell. Thiruvarur: B CHANDIRAN is the only male member below the age of 50 in Dalit-dominated Oradiymbalam Jeeva Nagar village in Nagapattinam district. Hunted by loan sharks, the other men in this village of over 60 families have left, and are now doing menial jobs...
More »450 Maldhari families living inside Gujarat's Gir sanctuary -Vijaysinh Parmar
-The Times of India Junagadh: At a time when population of Asiatic lions is spreading outside of the Gir wildlife sanctuary into fringe areas leading to rise in man-animal conflict, hundreds of Maldharis (traditional inhabitants of Gir forest), who had moved out of the protected forest after taking benefit of government's resettlement scheme in 1980s have returned to the forest over the past two decades. The state forest department has ordered a...
More »Centre to spend 65% of rural fund to tackle drought, water shortage -Saubhadra Chatterji
-Hindustan Times The NDA government has set an ambitious target of spending 65% of its annual rural development budget by June to tackle drought and unprecedented shortage of water across the country. * Why the high expenditure? As large parts of the country reel under acute water shortage, the government will spend almost 65% of its annual budget by next month to mitigate the crisis. * What does this mean? The firm focus of the...
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