DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of Covid-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...
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Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »9 of World's 10 most air-polluted cities in South Asia, deadly air causes 2 million premature deaths - World Bank
Urgent action needed to curb deadly air pollution in South Asia A new report by the World Bank states that Nine out of the world’s 10 cities with the worst air pollution are in South Asia. Ambient air pollution is a public health crisis for South Asia, not only imposing high economic costs but also causing an estimated 2 million premature deaths each year. The health impacts of air pollution range...
More »No caste certificate, no admission: Why Chhattisgarh’s displaced Adivasi children can’t go to school - Pratyush Deep
Their lack of documentation MEAns they struggle to enrol in schools and colleges in Andhra Pradesh and Telangana - Newslaundry Tribal youth displaced from Chhattisgarh are finding it difficult to enrol in schools and colleges in AP and Telangana because of the difficulty in obtaining caste certificates, Newslaundry reports. Primary schooling isn’t a problem because even remote hamlets have primary schools up to Class 5. However, to study further, they have to...
More »Top 1% of Indians own 40.5% percent wealth, bottom 50% has around 3% - Oxfam Inequality report
Following the pandemic, the income of the bottom 50 per cent of the population is estimated at 13 percent of national income and 3 percent of total wealth Apoorva Mahendru, Kanishk Gomes, Mayurakshi Dutta, Noopur, Pravas Ranjan Mishra Oxfam International's annual inequality report makes for stark reading. The India supplement, part of the main report, states that the top 1 percent of Indians own nearly 40.6 percent of the total wealth in...
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