-The Hindu The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in the early 1980s and rising to 22% today, says renowned economist Lucas Chancel According to a research paper by renowned economists Thomas Piketty and Lucas Chancel, income inequality in India is at its highest level since 1922, the year the Income Tax Act was passed. In December, they will...
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Centre's emphasis on oilseed production may lower dependence on edible oil imports
-The Hindu Business Line Share of imports to reduce to 55% by FY22, says ICRA Ahmedabad: The Centre’s push for oilseeds production can potentially bring down India’s dependence on imports for edible oil. The share of imports in overall edible oil consumption may decline from 60 per cent at present to about 55 per cent by FY22, according to rating agency ICRA. The Centre’s National Mission on Oilseeds and Oil Palm (NMOOP) — to...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »Livestock trade: A business that has stalled -Parthasarathi Biswas
-The Indian Express Only a couple of weeks ago, gaurakshaks impounded a consignment of eight indigenous Gir breed cows that Jadhav had sourced from a farmer in Gujarat’s Amreli district. These animals, whose milk fetches a premium, are currently being housed at a gaushala (cow shelter) near Amreli. Pune: On August 14, Sandeep Jadhav joined protestors outside the Ahmednagar district collector’s office raising voices against the apparently growing attacks on gaurakshaks...
More »SC slams Khattar government, finds 'influence' bags mining lease -Dhananjay Mahapatra
-The Times of India NEW DELHI: In what could hurt Haryana chief minister Manohar Lal Khattar's claim of corruption-free governance, the Supreme Court has severely criticised the manner in which "influence in high places' was used to subvert law regarding grant of mining lease in the state. Dropping loud hints about its displeasure, a bench of Justices Madan B Lokur and Deepak Gupta said: "This is a classic case of Sunder Marketing...
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