-Scroll.in An excerpt from ‘South vs North: India’s Great Divide’, by Nilakantan RS. India’s states are unlike each other in the extreme. Haryana, one of India’s richest states, is six times richer than Bihar. In the years shortly after Independence, West Bengal was richer than most other large states in India when measured on a per capita INCome basis. Maharashtra, Punjab and Gujarat were close behind. In the last six decades, though,...
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India’s suicide rate has INCreased. But is it because of better reporting or rising distress? -Prachi Salve
-IndiaSpend.com Despite the INCrease, experts say the National Crime Records Bureau might be undercounting suicides by women. India reported the highest suicide rate in its history in 2021, with 12 suicides for every 1,00,000 people. Experts say this might be a reflection of better reporting of deaths by suicide rather than an actual INCrease in the numbers. Also, despite an INCrease in reporting, experts say the National Crime Records Bureau might be...
More »Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan
-The Hindu A critical facet of the consequences of an interest rate INCrease is the correction of asset prices. Interest rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the INCentive to save and invest rather than consume...
More »PMGKAY Scheme: Will Free Ration for India’s Poor Fill Their Plates Enough? -Aunindyo Chakravarty
-TheQuint.com Not only do we need free ration for an overwhelming majority but also more for those at the bottom of the pyramid Being affluent, I am on a diet, fasting for 19 hours at a stretch, eating within the remaining five-hour window, and keeping my calories under 800 per day. These are the luxuries of the rich. The poor, who earn their living through hard, back-breaking labour, cannot afford to go...
More »Expand MGNREGS to 150 days: House panel -Saubhadra Chatterji
-Hindustan Times The House panel also made a “strong appeal” to authorities to change the index that decides wage revision for better wages under the programme. New Delhi: A Parliamentary panel has recommended extension of work allocation under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), India’s flagship job scheme, to 150 days per year, according to a committee report. The MGNREGS currently guarantees 100 days of wage employment to each person in...
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