-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 Indian Express The subsidy bill in the current financial year is expected to rise to 2.4 per cent of the GDP from 1.9 per cent estimated in the Budget, Finance Minister P Chidambaram said today. "The estimated major subsidies in 2012-13 would be around 2.4 per cent of GDP," he said while intervening in a discussion at the meeting of the Full Planning Commission to approve the 12th Plan draft document. The...

-The Indian Express Full Planning Commission chaired by Prime Minister Manmohan Singh today approved 12th Five Year Plan (2012-17) document that proposes to lower annual average economic growth rate target during the period to 8.2 per cent from 9 per cent envisaged earlier in view of fragile recovery. "The Full Planning Commission approved the draft 12th Five Year Plan document, subject to certain suggestions made in the meeting," Planning Commission Deputy Chairman...

-The Indian Express Wage growth in agriculture outpacing that in industry is a bad sign for the economy Against a 63 per cent rise in industrial wages in a 10-year period, agricultural wages in the harvesting season have risen by 117 per cent, according to data released by the agriculture ministry this week. The difference in the rise in wages in the two sectors, from comparable bases, is not a statistical artefact....

-The Hindu A Planning Commission draft document has made proposals that fail to reflect the case for expanding and improving public-funded medical services and reining in private operators In the health sector, the buzz these days is all about Universal Health Care (UHC). While health activists see in it potential to ensure access to quality health care for common citizens, commercial bodies seem to be eyeing the huge scope for profit from...