-Frontline.inJean Dreze is a well-known Indian economist working in the field of "development economics". Born in Belgium, he studied mathematical economics at the University of Essex and completed his PhD from the Indian Statistical Institute (New Delhi) in 1982.He has taught at the London School of Economics and the Delhi School of Economics and is currently visiting professor at Ranchi University as well as honorary professor at the Delhi School...
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Richest 10% of Indians own over 3/4th of wealth in India -Manas Chakravarty
-Livemint.com While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse’s India wealth report The richest 10% of Indians own 77.4% of the country’s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it’s not some bleeding-heart NGO that’s...
More »No small change this -TV Jayan
-The Hindu Business Line Roy tracks how microfinance, despite its blemishes, has empowered the unbanked in the country For the poor in rural India, till not very long ago, credit meant the unscrupulous mahajans who roamed the villages with wads of cash. Dime a dozen Bollywood movies had depicted the wily moneylender who not just ripped off the hapless creditors, but who was also cruel enough to grab their movable and immovable...
More »These superwomen from Himachal Pradesh show why empowered women make for an empowered country -Raksha Kumar
-The Hindu Bhuira's women are coping with the higher workload by creating vastly more flexible family and community structures. And they are simultaneously pushing towards modernity much faster than their neighbours. Everyone in the village sneaks a glance when Upasana Kumari drives her White Maruti 800 to work. “Driving a car is intoxicating,” says Kumari. A winding, muddy, single lane road that starts from the edge of the hillock where Kumari’s house...
More »Estimates panel quizzes PMO on Rajan's report
-The Hindu Business Line New Delhi: The Estimates Committee of Parliament has asked the PMO, Coal Ministry and various banks to respond to queries on NPAs emanating from former RBI Governor Raghuram Rajan’s report. The committee is headed by veteran BJP leader Murli Manohar Joshi. Sources in the committee told BusinessLine that the PMO, ministry and lenders have been asked how the NPAs — estimated at ?9 lakh crore — piled up...
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