-Livemint.com Contrary to the assumption that the middle class is an urban phenomenon, a considerable segment of the Indian middle class resides in rural areas, finds a new study The size of the Indian middle class has always been at the heart of the narrative around India’s economic development. And yet the term middle class remains arbitrarily defined with estimates of its size and characteristics varying significantly based on subjective notions of...
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The problem with cherry-picking Data -Arun Kumar
-The Hindu If it’s the government’s case that NSSO figures are suspect, what has it based policy decisions on? Minister of State for Housing and Urban Affairs Hardeep Singh Puri said last week, “we definitely have a Data crisis,” and blamed academics for creating a “false narrative”. Yet, at the heart of the Data crisis in India is the Central government, which has been holding back important data. Most recently, it did...
More »Direct benefit transfer of subsidies crosses Rs.3-lakh-cr mark in 2018-19 -Surabhi
-The Hindu Business Line The 60% jump over last year is due to DBT in fertiliser where Rs.39,230 cr was transferred Mumbai: Direct benefit transfer of subsidies in cash and kind crossed the Rs.3-lakh crore mark in 2018-19 to 123.8 crore beneficiaries through over 351-crore transactions. Official Data reveals that DBT in both cash and kind amounted to Rs.3,06,260 crore last fiscal, a 60 per cent jump from Rs.1,90,870.9 crore in 2017-18. A significant...
More »Caste biases rife even in M&A deals in India, shows an IIM-B study -Arjun Srinivas
-Livemint.com * Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study * These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals New Delhi: The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy...
More »Job creation down 1.7% in Feb to 15.03 lakh: ESIC payroll data
-PTI According to the data, the gross new subscribers addition remained the highest at 19.81 lakh in July 2018. New Delhi: Job creation dropped by 1.73 per cent in February to 15.03 lakh compared to 15.30 lakh in the same month last year, according to the latest payroll Data of the Employees State Insurance Corporation (ESIC). The Data showed that during September 2017 to February 2019, nearly 3 crore new subscribers joined the...
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