-The Indian Express The average wealth of Indians in mid-2019 has more than doubled from last year and is estimated at $14,569. In 2018, the average wealth of Indians was $7,020. If seen from the perspective of the decade, from 2000 to 2019, wealth per adult grew by an average of 11 per cent annually. Although India ranks fifth globally in terms of the ultra-rich population — those with wealth in...
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India has a new code to simplify law on minimum wages -- but it doesn't give workers any real benefit -Anupama Kumar
-Scroll.in It provides no guidelines to account for minimum consumption by households, despite Supreme Court rulings on this. Over the past year, the government has taken steps to consolidate India’s complicated patchwork of labour laws into four codes. The Code on Wages, 2019, which received presidential assent on August 8, is the first of the codes to come into effect. This Wages Code has been enacted with the express objective of simplifying...
More »NCRB leaves out data on lynchings, khap and religious killings -Deeptiman Tiwary
-The Indian Express Sources said the agency had begun a massive data revamp exercise under former NCRB Director Ish Kumar. It was under him that the bureau revised the proforma under the category of murder and added new sub-heads of mob lynching and murder for religious reasons among others. The National Crime Records Bureau (NCRB) released its latest data on crime incidents across the country on Monday, more than a year...
More »Vital additions to empirical research -Maitreesh Ghatak
-The Hindu Despite limitations, the use of randomised control trials has led to a paradigm shift in development policy evaluation If Rip Van Winkle was an academic economist and woke up from a two-decade long sleep this week, he would be baffled by the news of the Nobel Prize in Economics this year awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for pioneering the use of randomised control trials (RCTs) in...
More »Why farmers don't like direct cash transfers -Harish Damodaran
-The Indian Express The main reason for rejecting the DCT (as opposed to DBT) option was the belief that paying market price for fertilisers upfront would result in additional financial burden. More than three-fourths of Indian farmers like the new system of fertiliser subsidy linked to sales made to them by retailers being registered on point-of-sale (PoS) machines. This so-called direct benefit transfer (DBT) system, wherein the subsidy to fertiliser companies...
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