-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...

-The Hindu The country has shown that it is possible to have superior social outcomes at lower per capita incomes and rates of economic growth Bangladesh is very much in the news these days in our country, but for the wrong reasons. In the unfortunate Bangladesh-bashing that seems to have become somewhat of a pastime, we seem to have failed to notice the striking developmental success that it has had in the...

-The Hindustan Times Under the cover of endorsing a proposal for the National Food Security Bill framed by an independent group of development economists, the government is all set to empty the Bill of any substance. Provisions relating to the Public Distribution System (PDS) will be reduced to a pointless reshuffling of existing foodgrain allocations to state governments, that too in favour of the richer states. And other entitlements, relating for...

-The Hindu The listing of the Protection of Women Against Sexual Harassment at Workplace Bill for discussion and adoption in the current session of Parliament is a welcome step. It is also welcome that the government has reversed its earlier unjustifiable position of keeping domestic workers outside the purview of the proposed legislation. Amendments moved on August 7 now include these sections of working women in a sector which has seen...

-Reuters Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.  The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.  The...