The Niti Aayog recently released its National Multidimensional Poverty Index 2023, according to which the poverty headcount ratio declined from 24.85 percent in 2015-16 to 14.96 percent in 2019-21. In absolute numbers this translates to 135 million people exiting multidimensional poverty in this time period. In addition, a few days earlier, the United Nations Development Programme (UNDP) released its own Multidimensional Poverty Index, which in a press note said that,...
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Poverty and inequality
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...
More »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 »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 »Joshimath subsidence: Supreme Court agrees to hear plea on January 16 - The Telegraph
The Telegraph/PTI A bench comprising Chief Justice DY Chandrachud and Justice P S Narasimha, however, refused to list the plea for urgent hearing The Supreme Court on Tuesday agreed to hear a plea on January 16 seeking it’s intervention to declare the crisis in Uttarakhand's land subsidence-hit Joshimath as a national disaster. A bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha, however, refused to list the plea, filed by Swami...
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