-Newsclick.in The poorest, whose annual income surged by 183% between 2005 and 2016, have been most impacted by COVID-19, shows survey In a K-shaped economic recovery since COVID-19 hit India, there was a massive plunge of 53% in the annual income of the poorest 20% of Indian households from 2015-16 to 2020-21. Besides the drastic fall in their annual income, which was rising since 1995, the share of the poorest 20% in...
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Two U.P. school directors held for molesting 17 minor girls -Anuj Kumar
-The Hindu The incident happened on November 18, but the local police lodged an FIR only on December 5 after a local MLA intervened on behalf of the parents Ghaziabad: The police have arrested the directors of two private schools in Muzaffarnagar district of Uttar Pradesh for allegedly molesting 17 minor girl students who were asked to stay overnight on a school premises on the pretext of a practical exam. The incident allegedly...
More »Five years of demonetisation: Black Money deals down 75-80%; sales outstrip new supply
-MoneyControl.com In post-DeMo Q4 2016-Q3 2021, sales of approximately 10.37 lakh units outstripped new launches that were at approximately 9.04 lakh units Cash transactions in the housing market have reduced by at least 75-80 percent since demonetisation five years ago. Buyers no longer buy homes to get rid of black money - they now buy them because they want to own homes. But the component is still finding its way into property...
More »How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey
-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
More »With dams brimming, Kerala sets up panel to regulate discharge
-The Hindu Pampa, Manimala, Achencoil still above danger level Amid havoc caused by torrential rains over the past week leading to floods and landslips, the Kerala Government has constituted an expert committee to regulate the release of water from 81 dams across swollen rivers. The hydroelectric, irrigation and drinking water dams in the State are several decades old and designed in a pre-climate-change era. Climatologists, structural engineers, and hydrologists are on the committee...
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