-The Financial Express Over 14 crore households who cultivate on land owned by others under a formal lease agreement or even under a temporary arrangement overseen by the gram panchayats or other official functionaries may soon start getting assorted sops doled out to “farmers” by the government just as their land-owing counterparts do. According to official sources, the definition of farmer will be changed via a gazzette notification to include cultivators...
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Income inequality in India worsens, but slower than Russia and China: report -Gireesh Chandra Prasad
-Livemint.com Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report New Delhi: Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country’s national income in 2016. Their share was 30% of the national income in 1980,...
More »FRDI Bill: Understanding the basis of bail-in, and depositors' fear -Shaji Vikraman
-The Indian Express As the government tries to allay swirling apprehensions, The Indian Express explains the background, aims and rationale of the proposed new FRDI law. Some provisions of The Financial Resolution and Deposit Insurance Bill, 2017, popularly referred to as the FRDI Bill, which was tabled in Parliament this August, have given rise to concerns over protection for bank deposits in the proposed law. An online petition against the Bill — “Do not...
More »Yojna Banao Abhiyan - then a hit, now a miss -Debmalya Nandy
-Down to Earth The local administration in Jharkhand is undermining the decentralised scheme, created to enhance livelihood, manage natural resources and improve basic infrastructure in rural areas Yojna Banao Abhiyan (YBA) was an outcome of two government programmes – Mission Antodaya (Intensive Participatory Planning Exercise (IPPE-II)) of the Ministry of Rural Development, and Gram Panchayat Development Planning of the Ministry of Panchayati Raj. It gave an opportunity to newly elected gram panchayats...
More »India has 31% of world's poor kids: report
-The Hindu Of the country’s 217 million children, nearly 50% endure multidimensional poverty, says Oxford survey About 31% of the world’s “multidimensionally poor” children live in India, according to a new report by the Oxford Poverty and Human Development Initiative (OPHI), a poverty reduction project grounded in economist Amartya Sen’s ‘capability approach’. “In terms of countries, fully 31% of the 689 million poor children live in India, followed by Nigeria (8%), Ethiopia (7%)...
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