-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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Prof. Farzana Afridi, Economics and Planning Unit, Indian Statistical Institute, New Delhi interviewed by Faisal Kidwai
Direct cash transfers or food coupons should be used by the government to provide services to the poor, says Farzana Afridi, Assistant Professor, Economics and Planning Unit, Indian Statistical Institute, New Delhi. Afridi, who obtained her PhD in economics from the University of Michigan, Ann Arbor, and an MA in economics from the Delhi School of Economics, says that although the Mid Day Meal Programme is having a substantial effect, the...
More »CHILD’S WORLD MISERABLE: HIGHEST UNDER-5 MORTALITY
India earned another dubious distinction in child mortality with the highest number of deaths of children under-five-years of age, according to a UNICEF report released in September 2012. India's toll is higher than the deaths in Nigeria, Democratic Republic of Congo and Pakistan put together. Globally, almost 19,000 children under five years of age die every day across the world a quarter of which is in India alone. India accounted for...
More »Govt allows FDI in multi-brand retail, aviation
-Reuters India opened its supermarket sector to foreign chains on Friday after months of dithering, pushing ahead with the boldest reforms yet in Prime Minister Manmohan Singh's government as it tries to revive the country's tottering economic growth. The government has decided to allow foreign airlines to buy stakes of up to 49 per cent in local carriers, heavy industries minister Praful Patel said on Friday, in a much-awaited policy move that...
More »Government to assure, not insure, health--Vidya Krishnan and Anuja
-Live Mint NAC wants Rashtriya Swasthya Bima Yojna to be absorbed into new policy for universal health coverage The National Advisory Council (NAC), which sets the policy agenda for the Congress party led United Progressive Alliance (UPA) government, wants the Rashtriya Swasthya Bima Yojna (RSBY) insurance scheme to be absorbed into the new policy for universal health coverage (UHC), taking the latter closer to realization. This is part of the government’s bid to move...
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