-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...
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70% migrants to Mumbai are from Maharashtra -Madhavi Rajadhyaksha
-The Times of India MUMBAI: Contrary to MNS chief Raj Thackeray's ongoing tirade, migrants to cities like Mumbai are not 'outsiders' from other states. Nearly 70% of them come from rural or urban areas within Maharashtra itself, reveals an analysis of data from the National Sample Survey Organization's (NSSO) 64th round. For every migrant coming to a city in Maharashtra from the urban areas of other states such as Bihar, Uttar Pradesh...
More »Economies will perform better with more even income distribution–UN report
-The United Nations A new United Nations report advocates that governments use fiscal and labour market policies to reduce income inequality, maintaining that this not only leads to social benefits but will spur economic growth and development. Produced by the UN Conference on Trade and Development (UNCTAD), the Trade and Development Report 2012 says that recent experience, especially in Latin America and other developing countries, suggests that progressive taxation and rising public...
More »Unless we put an end to baseless fear of GM crops, we will not be able to feed our growing population-P Chengal Reddy
-The Times of India The parliamentary committee report on genetically modified (GM) organisms is an attempt to give a quiet burial to biotechnology in India. On behalf of the farmers of India, let me say that this report totally fails to reflect farmers' aspirations, and distorts the scientific significance of biotechnology - including genetic engineering - for the national economy. Instead, it echoes persistent canards by some environmental NGOs. Indian farming suffers...
More »Heard of the ‘Bangladesh shining’ story?-Jairam Ramesh, Varad Pande & Pranjul Bhandari
-The Hindu The country has shown that it is possible to have superior social outcomes at lower per capita incomes and rates of economic growth Bangladesh is very much in the news these days in our country, but for the wrong reasons. In the unfortunate Bangladesh-bashing that seems to have become somewhat of a pastime, we seem to have failed to notice the striking developmental success that it has had in the...
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