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India income inequality doubles in 20 years, says OECD

-BBC   Inequality in earnings has doubled in India over the past two decades, a new report says, making it one of the worst performers among emerging economies. The Organisation for Economic Cooperation and Development (OECD) says the top 10% of wage-earners make 12 times more than the bottom 10%, compared to six times 20 years ago. The OECD says India has the highest number of poor in the world. Some 42% of its 1.21...

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Inequality rises in India, says OECD

-PTI   India has become "less equal over time" and earningsinequality in the country has increased significantly since the early 1990s, Paris-based think tank OECD said today. The observations are a part of OECD's report focusing on inequality patterns and related policy challenges in the emerging economies of India, China, Argentina, Brazil, Indonesia, Russia and South Africa The Organisation for Economic Cooperation and Development (OECD) is a 34-member grouping of mostly advanced nations, that...

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India's income inequality has doubled in 20 years

-The Times of India   Inequality in earnings has doubled in India over the last two decades, making it the worst performer on this count of all emerging economies. The top 10% of wage earners now make 12 times more than the bottom 10%, up from a ratio of six in the 1990s. Moreover, wages are not smoothly spread out even through the middle of the distribution. The top 10% of earners make...

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Jobs crisis could spark unrest: ILO by Larry Elliott

Coming months ‘crucial' The International Labour Organisation has warned that a jobs crisis caused by the slowdown in the global economy threatens a wave of widespread social unrest engulfing both rich and poor countries. Highlighting the darkening prospects for employment, the Geneva-based ILO said policymakers were running out of time to head off a double-dip recession in labour markets. “We have reached the moment of truth,” said Raymond Torres, director of the...

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Govt mulls comparative study to check ‘misuse’ of RTI

-The Pioneer   The Government may go for a comparative study of RTI in different countries in order to check its misuse. The Government will table Public Procurement Policy Bill and a Bill on electoral reforms to check corruption in the public arena. “Undoubtedly, RTI is being misused…Even judges feel that it is hampering the work of courts in matters of decisions and appointments of judges…We can have comparative study on it,” said...

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