The government is likely to raise the income threshold to define the economically weaker section (EWS) to about Rs 6,000 a month from the current Rs 3,300 a month. This will increase EWS numbers by almost 40 per cent. The EWS population benefits from government housing schemes and gets softer interest rates on housing loans from state-owned banks. The move to hike the threshold is based on an internal report...
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That Healthy Feeling by SL Rao
Monica Das Gupta is a senior social scientist at the World Bank. Her field research in Punjab, when she was at the National Council of Applied Economic Research, established that sex differentials in child mortality in rural Punjab persisted despite relative wealth, socio-economic development including rapid universalization of female education, fertility decline, and mortality decline. Amartya Sen’s writings drew attention to female foeticide and infanticide in Asia that led to...
More »K.N. Raj: teacher, economist and institution builder by J Krishnamurty
In 1960, when I was enrolled for my MA at the Delhi School of Economics, the shining star at the School was certainly K.N. Raj. The founder of the School, V.K.R.V. Rao, had left the institution, but came back every Founders’ Day to remind us of its glorious past and of the enduring values it embodied. Raj’s style was much lower key, but it soon became clear that his dedication...
More »No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan
It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...
More »Richer India makes the world poorer: Economist by Rukmini Shrinivasan
Angus Deaton, the Princeton economist regarded as world's foremost authority on cross-country income data, has cast serious doubts on the World Bank's last upward revision of global poverty figures and India's statistics are at the centre of the storm. The world became poorer as a result of a combination of India's economic growth and its low poverty line, Deaton, who is president of the American Economic Association, said in his...
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