-Livemint.com While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse’s India wealth report The richest 10% of Indians own 77.4% of the country’s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it’s not some bleeding-heart NGO that’s...
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Widespread privatisation marginalises the poor: UN report -Maitri Porecha
-The Hindu Business Line New Delhi: Widespread privatisation of public goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty, according to a new report, released by the United Nations (UN). The 25-page report by the UN is eye-opening in the light of Indian government think-tank Niti Aayog releasing Guidelines for Public-Private Partnerships (PPPs) for tackling Non-Communicable Diseases (NCDs) in government-run district hospitals. Niti Aayog's...
More »No small change this -TV Jayan
-The Hindu Business Line Roy tracks how microfinance, despite its blemishes, has empowered the unbanked in the country For the poor in rural India, till not very long ago, credit meant the unscrupulous mahajans who roamed the villages with wads of cash. Dime a dozen Bollywood movies had depicted the wily moneylender who not just ripped off the hapless creditors, but who was also cruel enough to grab their movable and immovable...
More »Why the Modi Govt Shouldn't be so Quick To Dismiss World Bank's Human Capital Index -Diego Maiorano
-TheWire.in The finance ministry can continue to quibble, but the stark fact is that decades of underspending in education and health may result in India wasting its demographic dividend. On October 11, the World Bank launched the latest of its country rankings: the Human Capital Index (HCI). The objective of the index is to show how low education and health outcomes – or human capital – impact productivity, growth and prosperity. The...
More »World Bank's 1st Human Capital Index: India lower than Bangladesh, Nepal; Finance Ministry rejects report
-The Indian Express In a statement, the Finance Ministry said the HCI score for India does not reflect the key initiatives that are being taken for developing human capital in the country. The World Bank on Thursday released its first report on Human Capital Index (HCI), which placed India at the 115th position, lower than Nepal, Sri Lanka, Myanmar and Bangladesh. Singapore topped the poll after it was highly rated for its universal...
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