-The Telegraph New Delhi: Premature deaths from kidney failure rose in India by about 38 per cent over the past decade, doctors said in a research study released on Tuesday that attributes this trend primarily to untreated or poorly managed diabetes. The study, based on an analysis of deaths in over a million households across the country, has found that kidney failure increased to 2.9 per cent of the tracked deaths between...
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R Nagaraj, an economist and currently a professor at the Indira Gandhi Institute of Development Research in Mumbai, interviewed by Kedar Nagarajan (Caravan Magazine)
-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...
More »Expect all demonetised money to come back to system: Revenue Secretary Hasmukh Adhia -Khushboo Narayan
-The Indian Express Questions over cost of exercise; will tax black money hoarders, says Adhia Mumbai: THE government expects the entire money in circulation in the form of currency notes of Rs 500 and Rs 1,000 which have been scrapped to come back to the banking system so that the tax authority can trace the transactions and tax black money hoarders, Revenue Secretary, Hasmukh Adhia said on Tuesday. This, effectively, undermines the...
More »India's richest 20% account for 45% of income -Pramit Bhattacharya
-Livemint.com Middle India is largely rural and uneducated, shows the ‘Household Survey on India’s Citizen Environment & Consumer Economy’ New Delhi: India’s richest quintile accounts for 45% of aggregate household disposable income while the poorest quintile earns barely 7% of the aggregate income pie, according to the latest data from a nationally representative survey conducted this year. The Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° survey), covering 61,000 households,...
More »How much the richest 1% earn and spend -Pramit Bhattacharya
-Livemint.com 98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India’s consumer economy The average monthly household income of the richest 1% of Indians is Rs.66,627 and that of the richest 10% is Rs.35,605, according to the latest data from a nationally representative survey, the Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° survey) conducted in 2016. Given that these income estimates...
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