For long, economists have argued among themselves whether income should be the only criterion for measuring poverty. After all, in real life a person can face multiple deprivations, say, in terms of access to education, health and living standards, among others. The multidimensional poverty index (MPI), which offers a valuable complement to traditional income-based poverty measures, was first introduced in the 2010 Human Development Report (HDR). The MPI looks at...
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How have house prices changed in your city? -Varun B Krishnan
-The Hindu Housing prices have increased in the first quarter of 2018-19 compared to the same period in 2017-18, according to the Reserve Bank of India's latest House Price Index (HPI) release. HPI is an indicator of change in Housing prices. This means that if the HPI has increased, house prices have increased on an average, and vice versa. It takes into account the average price of houses per square metre, size...
More »East Kidwai Nagar Should Serve as a Warning, Not Model, for Delhi's Redevelopment -Manju Menon and Kanchi Kohli
-TheWire.in The NBCC 'model' project is hardly the totem of sustainability and responsibility. It has been fined for non-compliance of environment laws, and official planning documents expose its shaky claims of urban design and economic viability. For over four months, the national capital has seen public protests against the Ministry of Housing and Urban Affairs’s “redevelopment” of Delhi’s seven government Housing colonies. Citizens have questioned this project, which will privatise and...
More »SC to RBI: Reply to plea over banks not passing on rate cuts -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court asked the Reserve Bank of India on Monday to break its 10-month silence and reveal its decision on complaints that banks do not reduce floating interest rates on existing loans for buying homes, vehicles or consumer durables proportionate to its repo rate cuts (rate at which RBI lends money to banks). Petitioner ‘MoneyLife Foundation’ told the court that it wrote to RBI last...
More »How state can support farmers in a smarter way -Ashok Gulati and Prerna Terway
-Financial Express While recently releasing the book, Supporting Indian Farms the Smart Way by Ashok Gulati, Marco Ferroni and Yuan Zhou, Arun Jaitley remarked that India needs a good blend of investments and subsidies in its agriculture policy. He said that, luckily, there are no severe constraints on resources to invest in rural areas, be it roads, water (irrigation), sanitation, and even Housing. If he could include in this list of...
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