- The India Cable/ TheWire.in India is now one of the most unequal countries for both income and wealth inequality — and has shown the most rapid increases in inequality. The Paris-based World Inequality Lab has become a major source of data on global inequality, based on careful aggregation of national data from a multitude of sources, of both income and wealth inequality, at national, regional and global levels. Their latest World...

-Financial Express This is of special interest as FY22 was challenging on several fronts, needing govt intervention Budget FY23 will, of course, be important for the content and its take on the economy, given the Union government has to necessarily take a call on how it thinks the third wave has affected the economy and accordingly make provisions in the Budget. But, also important will be the revised numbers for the different estimates...

-TheWire.in There is a need to set right the ‘national multidimensional poverty index’ framework to capture the true story of deprivation. The global sustainable development agenda demands that countries measure the population living in poverty and reduce it by at least half by 2030. So, in order to monitor progress on this critical development indicator, UNDP and Oxford Poverty and Human Development Initiative (OPHI) compute what is called the ‘Multidimensional Poverty Index (MPI)’...

-The Hindu Business Line/ NetworkIdeas.org In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise. This has led observers to conclude that income and wealth inequality in India has increased. Hard evidence on the extent of that increase is difficult to...

-The New Indian Express So far, only five states have reported expenditure of more than 50% which include Delhi, Punjab, Haryana, Tamil Nadu and West Bengal. NEW DELHI: Maharashtra is the worst performer among large states, having spent less than 1% of the funds released by the Centre to upgrade health infrastructure to tackle a Covid-19 wave, government data shows. Nationally, of the Rs 6,075 crore released by the Centre under the emergency...