-Newsclick.in This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related lockdowns and restrictions. The trend was visible from last year but the scale of profits reported by listed companies after the last financial year ended in March this year is nothing short of mind-boggling. According to latest data by CMIE or Centre for Monitoring Indian Economy, companies listed at the BSE (formerly...
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How two-wheeler dreams died in the countryside -Alisha Sachdev
-Livemint.com Industry estimates suggest two-wheeler sales for fiscal year 2021-22 (FY22) will close out at 14.5 million units, the lowest volume in almost a decade. This betrays a deep distress in incomes of rural households. Mint explains the fault lines: * Why are two-wheeler sales falling? Rural demand contributes 50-60% of two-wheeler sales in the commuter segment. Price increases, rising fuel prices and unseasonal rains leading to poor crop realizations have hit the...
More »Anger Grows in Rural UP as Yogi Govt Orders 'Ineligible People' to Return Ration Cards -Abdul Alim Jafri
-Newsclick.in The government asked the ineligible individuals to surrender their ration cards by May 20 or face disciplinary actions. Lucknow: The scheme of free ration distribution is believed to have had a tremendous impact on the Bharatiya Janata Party's (BJP) victory in the recently-concluded Uttar Pradesh Assembly polls. Buoyed by its victory, Chief Minister Yogi Adityanath, in the first decision on the second day of his second consecutive term, declared that his...
More »Dalberg study indicates that ONORC can be improved further
A recently released study, which has been done by Dalberg in collaboration with Kantar, and with support from the Omidyar Network India, brings to light both the supply and demand-side perspectives on the 'One Nation One Ration Card' (ONORC) scheme. Titled 'Fulfilling the promise of One Nation One Ration Card: A frontline perspective from 5 Indian states', the survey for the study was conducted in five states i.e., Andhra Pradesh,...
More »Poverty rose but income inequality fell -Anup Malani Arpit Gupta, and Bartek Woda
-The Hindu There are signs that this pandemic has not followed the usual script — of the poor bearing the brunt of the pain COVID-19 has upended Indian society. Over two-thirds of the country has been infected by COVID-19 and perhaps five million or so people have died, directly or indirectly, from the pandemic. The economy too has taken a beating. Even though there has been a V-shaped recovery, output remains about...
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