-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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After Sikkim, organic farming to get a push in other Hill States
-The Hindu Business Line As a part of the government’s push, States adjoining the Himalayan range will be encouraged to go completely organic Ahmedabad: Parshottam Rupala, the Union Minister of State for Agriculture & Farmers Welfare, informed that the government is increasingly focusing on organic farming to boost production of nutritionally rich agri produce. As a part of the government’s push, States adjoining the Himalayan range will be encouraged to go all organic,...
More »Jharkhand's MGNREGA sahayta kendras show the way -Debmalya Nandy
-Down to Earth MGNREGA budget has declined in real terms over the years, despite claims of “highest ever” allocations In 2004, before India had any legal welfare entitlements for the informal sector, the National Rural Employment Guarantee Bill, was furiously debated in the Parliament and the media. The aim of this legislation was to address the crisis of under employment and unemployment in the rural Economy and provide job opportunities through public works...
More »Gujarat accounted for 40% of fake Rs 2,000 notes seized -Ashish Chauhan
-The Times of India AHMEDABAD: When Prime Minister Narendra Modi announced demonetization on November 8, 2016, of his stated intentions for the move was to attack counterfeit notes. However, the rate of seizures of fake currency notes across the country has remained the same, even after Rs 500 and Rs 1,000 notes were declared illegal. The model state of Gujarat had the most seizures of Rs 2,000 notes after demonetization, figures...
More »Printing presses to RBI: Pay us Rs 577 cr for note-ban loss -Ritu Sarin
-The Indian Express The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. New Delhi: The government’s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577...
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