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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Redesigning the Fiscal Transfer System in India -M Govinda Rao
-Economic and Political Weekly An overwhelming proportion of the poor live in low-income states in India. These states are home to over two-thirds of the children in the 0–14 age group. Therefore, provision of comparable levels of basic social services and physical infrastructure is important to ensure balance and stability in the Indian federation. This underlines the importance of Intergovernmental transfers. Conceptually, general purpose transfers are given to enable the states...
More »IMF calls for budgeting to bridge gender gap -Timsy Jaipuria
-Hindustan Times The International Monetary Fund (IMF) has called on governments to incorporate pro-women fiscal measures in budgets, so as to bridge the gender gap. In its first-ever global review of the use of tax and spending policies to promote gender equality, IMF has found that financial policies in Union and state budgets have helped gender parity. Highlighting changes across 80 countries, the IMF study, Tackling Gender Inequality, says fiscal policy efforts were...
More »Understanding the poverty line by Amitabh Kundu
The popular outrage over the official definition of poverty at abysmally low levels of daily income, of Rs 26 in rural areas and Rs 32 in urban areas, assumes the state will deny basic services to a household whose income is above the figure. This is totally erroneous. There is no mechanism in the hands of the government to ascertain income or expenditure to identify the 'poor' on the ground. The...
More »Stopping climate change
Rich and poor countries have to give ground to get a deal in Copenhagen; then they must focus on setting a carbon price AT A time when they are not short of pressing problems to deal with, the presence of 100-odd world leaders at the two-week meeting that starts in Copenhagen on December 7th to renew the Kyoto protocol on climate change might seem a little self-indulgent. There will be oceans...
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