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India’s 20 Largest Profit Generators Are Earning 80% Of the Nation’s Profits - Nandita Rajhansa, Saurabh Mukherjea

A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...

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Quality fear in rules for foreign varsities -Basant Kumar Mohanty

-The Telegraph Some educationists feel that the proposed regulations might turn higher education into a purely commercial venture New Delhi: Foreign universities ranked globally among the TOP 500 or other foreign higher education institutions considered “reputed” can set up campus in India and decide their fees, according to the University Grants Commission’s draft rules that also appear to suggest these institutions can repatriate their profits. Some educationists fear that the proposed regulations, uploaded...

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Global Economy: In 2023, Central Banks Will Have to Battle Inflation Amid Political Obstacles -Steve Schifferes

-TheConversation.com/TheWire.in With the cost-of-living crisis now at the TOP of the public’s agenda in many developed countries, the setting of interest rates has ceased to be just a technical matter and has instead become highly political. Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic,...

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Latest Christian Aid report identifies TOP 10 climate disasters of 2022

-Press released by Christian Aid dated 27 December, 2022 * Study identifies the year’s 10 costliest extreme events influenced by the climate crisis - each caused more than $3 billion in damage. * Report also examines 10 other extreme events that caused massive human and environmental damage, mostly in the poorest countries. * The floods that submerged parts of Pakistan in June displaced 7m people and caused more than $30 billion in estimated...

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10 costliest weather events led to over $120 bn in damages, says report -Antara Baruah

-ThePrint.in Christian Aid's findings come a month after the COP27 agreement to establish a loss and damage fund, which is being set up to assist developing countries vulnerable to the impacts of climate change. New Delhi: The TOP ten “costliest” extreme weather events in 2022 led to more than 120 billion US dollars in damages, a new report by UK-based relief and development agency Christian Aid has revealed, adding that the findings...

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