-DNA OBCs make upto 66.48% of the total 17.92 crore rural households – much higher than 54% decided by the Mandal Commission in 1980 Even as the Union government shied away from releasing the caste data collected in 2011, the rural socio-economic survey data put out on Friday speaks of two Indias – that of the affluent and the poor. Around 73 % of the country's people live in villages, with the...
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Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Realty sector: Getting the foundation right
-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher interest subvention. While the government seems to have struck...
More »Study shows NCR homeowners turn away Dalits and Muslims -Seema Chishti
-The Indian Express In both the methodologies, the home-seekers had the same credentials but for their names that indicated their caste and religion. A study on discrimination in urban housing rental preferences, to be published in a forthcoming issue of Economic and Political Weekly, shows high levels of exclusion of Dalits and Muslims in the five metropolitan areas of NCR. The team of researchers, led by Prof S K Thorat, chairman of...
More »‘Delhi most uncaring for the old among metros’ -Durgesh Nandan Jha
-The Times of India NEW DELHI: Parents spend their lifetime caring for children, but how are they cared for on getting old? A multi-city survey on perception of the youth about elderly abuse and care reveals that while 73% of working adults accept the problem few are willing to act. Delhi fares the worst with 92% youth not willing to act followed by Chennai (64%), Hyderabad (45%), Ahmedabad (41%), Bengaluru (37%) and...
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