-The Telegraph New Delhi: Those who inhabit the top 1 per cent of the wealth pyramid in India own 73 per cent of the wealth generated in the country last year, an NGO has claimed. In the last 12 months, the "wealth of this elite group increased by Rs 20.91 lakh crore. This amount is equivalent to the total budget of the central government in 2017-18," Oxfam India said in a statement...
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Social security still a raw deal for many -Garimella Subramaniam
-The Hindu The goal of comprehensive social security coverage remains a mere slogan in many parts of the world A recent global report on social security could serve as a useful starting point to understand the appeal of populism across the world. The World Social Protection Report 2017-19 of the International Labour Organisation could also be viewed as a blueprint for action by political parties of the mainstream. A vast majority of people...
More »India's rising inequality is taking the shine off its growth story even in the world's eyes -Riaz Hassan
-Scroll.in India has attracted negative attention in recent years as the second most unequal country in the world, after Russia. Spectacular economic growth over the past three decades has made India a global economic powerhouse. Between 1990 and 2016, India’s economy grew at a compound rate of around 7% in current dollars. The Indian economy is now the third largest in the world by purchasing power parity after China and the...
More »Economist rues rise of hate -Devadeep Purohit
-The Telegraph Calcutta: Economist Kaushik Basu on Friday regretted the rise of a "narrow-minded" approach and "hatred" in the country. Basu, the C. Marks professor of international studies and professor of economics at Cornell University, made the observation while delivering a lecture on"economics and morality" in memory of Swami Lokeswarananda of the Ramakrishna Mission. "In today's India, we are getting narrow-minded. There is hatred among people," rued the former chief economist of the...
More »Poor social indicators must make Gujarat rethink its growth model
-Down to Earth Shockingly, the state’s infant mortality rate is worse than Jharkhand; it also has the fourth lowest teacher student ratio in the country “Social development indicators have not been able to keep pace with economic development in this state of over 60 million people," UNICEF had observed about Gujarat back in 2013. Four years later, Maitreesh Ghatak of London School of Economics writes about Gujarat’s development model: “When it...
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