-The Indian Express Protests by the people against inequality are producing governments that move exactly in the opposite direction We all know that the world is an unequal place, both across and within countries. We also know that across the world, people are expressing their anger and disgust at this inequality. This is increasingly revealed in extreme and often paradoxical political results. In the US, a vote against the establishment has just...
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Want to know how India's richest 1 percent are Wealthier than the bottom 70 per cent? Read on -Leela Prasad
-The Indian Express Studying micro economies such as Bastar gives us the tools to highlight the rising inequality between the bourgeoise and proletariat. New Delhi: In Delhi University professor Nandini Sundar’s meticulously researched book, The Burning Forest: India’s War in Bastar, the plight of the adivasis struggling to make ends meet paints a striking picture of the growing wage disparity in the “Maoist state”. Wages paid to the adivasis are strictly controlled...
More »Oxfam's Inequality Report Has Big Flaws, But That Doesn't Narrow India's Stark Wealth Divide -Rukmini S
-Huffington Post Global inequality data may be skewed by debt, but Indian inequality really is as bad as it says. Mark Zuckerberg is Wealthier than the poorest 40% of Indians, and Mukesh Ambani is worth more than the poorest 30% of Indians, a new report by Oxfam says. While Oxfam might be misstating some facts on global inequality, the data on Indian inequality really is that bad. The report, released on Monday morning,...
More »Towards less-cash agriculture: Well before demonetisation, low credit-driven model came up in Dewas -Vivian Fernandes
-The Financial Express In Madhya Pradesh’s tribal districts of Dewas and Khargone, the NGO, Samaj Pragati Sahayog, discourages cash transactions for agricultural inputs. The interest rates are usurious and vary according to commodities. For fertiliser, it is dheda—loan for the stuff has to be repaid 1.5 times over by the end of the harvest season. For pesticides it is sawa, or 1.25 times. Even barter can be extortionate. One quintal of...
More »Richest 1% own 58% of total Wealth in India: Oxfam
-PTI In signs of rising income inequality, India’s richest 1 per cent now hold a huge 58 per cent of the country’s total Wealth — higher than the global figure of about 50 per cent, a new study showed on Monday. The study, released by rights group Oxfam ahead of the World Economic Forum (WEF) annual meeting here attended by rich and powerful from across the world, showed that just 57 billionaires...
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