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India's richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam

-PTI At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said...

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The failed promise of employment -CP Chandrasekhar

-Networkideas.org As election 2019 approaches, the Modi government, damaged by agrarian distress, is also being challenged by evidence that its record on employment generation has been extremely Poor. To recall, in its campaign during the 2014 election which brought it back to power, the BJP-led National Democratic Alliance (NDA) promised to create 10 million jobs every year. The best source of information on employment we currently have is the privately conducted (and...

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Behind rural slowdown: Credit shows uptick, but still trailing in farm sector -Sandeep Singh

-The Indian Express Data collated from the Reserve Bank of India over the last five years shows that growth in credit outstanding for the priority sector has traditionally been rising at a much faster rate than the growth in gross bank credit An uptick in the economy is clear from the improvement in gross bank credit availability but unlike in the past, lending to the priority sector continues to trail, posting single-digit...

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The SDG India Index -- Can bold global ambition be translated into effective ground reality? -Mitu Sengupta

-Orfonline.org The Index is a good start, but future developments will need to be watched with a critical eye. The Sustainable Development Goals (SDGs) are an ambitious declaration of global aspirations, ranging from eliminating poverty, hunger, and violence against women to providing legal identity and equal access to justice to every person in the world. Adopted unanimously by the 193 UN Member States in September 2015, the SDGs are meant to guide...

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Policy must tackle not just dissatisfaction of large farmers, but distress of most vulnerable -Bina Agarwal

-The Indian Express To address farmers' woes, we need a multi-pronged strategy of income support, government investment, and institutional innovations, and not a one-size-fits-all approach. The two main policy interventions repeatedly discussed in recent months to tackle farmer distress — loan waivers and minimum support prices (MSP) — treat all farmers (large/small, male/female) alike. But farmers are heterogeneous. They differ especially by income, land owned and gender. And farmer dissatisfaction is...

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