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Richest 1% own 53% of India’s wealth -Manas Chakravarty

-Livemint.com According to Credit Suisse, India’s wealth increased by $2.284 trillion between 2000 and 2015. Of this rise, the richest 1% has hogged 61% The richest 1% of Indians own 53% of the country’s wealth, according to the latest data on global wealth from Credit Suisse. The richest 5% own 68.6% of the country’s wealth, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half...

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New Gujarat Land Law Triggers Fears Among Farmers in State -Rajiv Shah

-TheWire.in Ahmedabad: The Gujarat Agricultural Land Ceiling (Amendment) Bill, 2015, unanimously passed in the two-day monsoon session of the Gujarat state assembly &NDAsh; after Congress MLAs were suspended for creating a “ruckus” &NDAsh;  is finally beginning to get national attention. The Bill is lying with President Pranab Kumar Mukherjee, awaiting his final nod after the Gujarat governor, O.P. Kohli, sent it to Delhi for approval.  According to sources, the risk-averse Kohli...

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Surveys point to an exciting finish in Bihar elections -Ashok Mishra and Rahul Karmakar

-Hindustan Times One of the closest electoral battles for Bihar, where PM Narendra Modi and CM Nitish Kumar are playing out their old rivalry, begins with the first phase of polling in 49 of a total 243 seats on MoNDAy. Strategies by alliances to bite off each other’s caste pie and focus on issues such as beef, detached from ground realities, have arguably made MaNDAte 2015 the toughest ever with BJP desperate...

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India’s rural crisis, slowed farm growth may hurt 7.5% GDP dream -Zia Haq and Gaurav Choudhury

-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population &NDAsh; a huge market for all kinds of goods &NDAsh; are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...

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