-PTI * Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 * The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade Davos: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70...
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So easy to copy? Rs 2,000 notes make 56% of all seized fake currency, shows NCRB data -Mukesh Rawat
-IndiaToday.in NCRB data show fake notes of Rs 2,000 entered the market days after PM Narendra Modi's demonetisation announcement. Today they are the biggest contributors to the value of seized counterfeit currency in India. "In a country's history, there come moments when every person feels he too should be part of that moment, that he too should make his contribution to the country's progress. Such moments come but rarely," said Prime Minister...
More »Farm support: Minimum support price not on paper -Parthasarathi Biswas
-The Indian Express Cotton growers are realising decent rates despite bumper crop this time, thanks to government procurement. Aurangabad: In early-November, when Satyakumar Kolhe went to sell 18 out of his total 35 quintals produce of kapas (raw un-ginned cotton) at the Ambad wholesale market in Jalna district, the traders there quoted an average price of Rs 4,500 per quintal. The 45-year-old from Guru Pimpari village of Jalna’s Ghansawangi taluka, who grew...
More »As price rises to Rs 200 a kg, onion goes missing from Bengaluru homes and restaurants
-IANS In November, Karnataka markets received 60-70 quintals of onion a day, which fell by 50 per cent in December, leading to the crisis. Bengaluru: Price of onion shot up to a whopping Rs 200 per kg in Bengaluru due to severe short supply in the market, an official said here on Saturday. "Onion price touched Rs 200 per kg in some retail shops of Bengaluru, after its wholesale rate ranged between...
More »Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
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