KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Forced migration: Lack of global political will poses challenge for proper response, says report -Madhumita Paul
-Down to Earth By the end of 2020, 86 per cent people displaced across borders lived in countries with developing economies. Forced displacements need more equitable and predictable responses, for which the global community needs to show more political will, a new report has flagged. Three years after the launch of the Global Compact on Refugees (GCR), the international community has yet to deliver on its promise to better share responsibility for...
More »Maharashtra firm sold rice feared to be GM-contaminated: Centre -Priscilla Jebaraj
-The Hindu Union Commerce Ministry clarifies after European Commission’s charge. The Centre has identified a Maharashtra-based exporter as the source of the broken rice flagged in Europe as contaminated with genetic modifications (GM) earlier this year, the Commerce Ministry said on Wednesday. It added that the 500-tonne consignment was given a non-GMO certification by an independent agency before it was shipped to France. While reiterating that GM rice is not grown commercially in India,...
More »It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
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