-Business Standard Nations below a level of per-capita GDP representing a peaking point could be allowed to expand total emissions The world's climate change negotiators will meet again in December in Paris. The good news is that all countries, including developing countries, have agreed to announce their "intended nationally determined contributions" (INDCs). The bad news is that they are nowhere near an agreement on action by individual countries that could limit global...
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Think tank report hints at diversion of cheap farm loans -Puja Mehra
-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
More »Delhi sees 13.5% rise in per capita income
-PTI NEW DELHI: Delhi's per capita income during financial year 2014-15 has increased to Rs 2.41 lakh from Rs 2.12 lakh in the previous fiscal, a rise of nearly 13.50 per cent over the period. Besides, the per capita income of the national capital is almost three times its value for the country, which stands at Rs 87,748, according to Economic Survey of Delhi 2014-15 tabled in the Delhi Assembly on Wednesday. As...
More »‘Housing for all’ Shelter scheme to exclude rental plan -Shalini Nair
-The Indian Express As per the earlier proposal, the Centre was to provide for 75 per cent of the construction cost of rental units. As Prime Minister Narendra Modi unveils the ‘Housing for All’ by 2022 on Thursday, rental housing, proposed with an outlay of Rs 6,000 crore, will now be missing from the NDA government’s flagship shelter mission. According to officials, the mission originally had provisions for creation of urban rental...
More »Inequality is bad for growth -Himanshu
-Livemint Tackling inequality and inclusive growth is an economic necessity for the country After Pope Francis, it is now the turn of the International Monetary Fund (IMF) to raise concerns about high income inequality. Dubbed as “Francis the Marxist”, for his tweet “Inequality is the root of social evil”, the Pope has been raising issues of inequality and its consequences. The latest discussion paper by IMF not only supports the ethical...
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