The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
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Results of a survey in 4 states reveals how MGNREGA protected the poor from income shocks during the pandemic
-Press release by Azim Premji University dated October 13, 2022 New Delhi & Bangalore, October 13: About 39 percent of all jobcard-holding households interested in working under the Mahatma Gandhi National Rural Employment Guarantee Act 2005 did not get a single day of work in the Covid year of 2020-21. Also, on average, only 36 per cent of households that worked received their wages in 15 days, showed a survey of...
More »Inflation Likely Hit Five-Month High in September on Food Prices: Reuters Poll -Arsh Tushar Mogre
-TheWire.in A Reuters poll suggested inflation rose to an annual 7.3% in September from 7% in the previous month. If realised, that would be the highest since May 2022. Bengaluru: India‘s retail inflation accelerated to a five month high of 7.3% in September due to surging food prices, staying well above the Reserve Bank of India‘s (RBI) upper tolerance band for a ninth month, a Reuters poll found. Fueled by erratic rainfall and...
More »A data scientist shows how South India is outperforming the rest of the country in almost all fields -Nilakantan RS
-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,...
More »Quality of work matters, and not just job creation
Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India. Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...
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