-Live Mint What explains the mystery of job growth slowing so drastically just when growth spiked up so rapidly? The health of the economy occupied the centrestage of the political battlefield this week, as the ruling United Progressive Alliance (UPA) and the opposition National Democratic Alliance (NDA) engaged in a spirited debate on India's economic performance. A major bone of contention was the slower pace of job growth in the UPA's 10-year...
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Only 40 per cent of middle class has piped water connection: survey-Rukmini S
-The Hindu Not all of the Indian middle class has access to all amenities yet. According to latest data from National Council for Applied Economic Research (NCAER), only 40 per cent of those in the middle class, comprising households with annual income above Rs. 88,800 annually (an estimate suggested by NCAER researchers), have piped water connections, and only 15 per cent get three hours of water supply every day. Just over...
More »India growth story marred by disturbing inequity -Sachin Kumar Jain
-Down to Earth 68th Round of National Sample Survey makes it amply clear that the wave of economic growth has not percolated down from the 0.003 per cent of population of ruling elite (as per Income Tax records, only 42,800 persons have taxable Income more than Rs 1 crore in India). 99.996 per cent population is spending between just Rs 25.90 and Rs 37.36 per capita per day (average MPCE) in...
More »Health expense is a major burden on rural citizenry
The share of total expenditure on medical and healthcare is comparatively higher for an average rural citizen than his/her urban counterpart, reveals the latest available National Sample Survey Report (68th Round) entitled Level and Pattern of Consumer Expenditure 2011-12. Although an average urban Indian spends nearly 84 percent higher than his/her rural counterpart in a month, the share of total outlay on medical expense* is higher in case of the...
More »Food security in the time of inflation -Sonalde Desai
-The Hindu If the expansion of the Public Distribution System results in an increase in market prices, it may counterbalance the benefits of food subsidy Passage of the National Food Security Act (NFSA) has put the Public Distribution System (PDS) at the core of the national mission to feed the hungry. The PDS, operated via "fair price" or ration shops, will distribute up to 5 kg of rice at Rs. 3 per...
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