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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Damning report surfaces on riots in Delhi -Pheroze L Vincent
-The Telegraph Document accuses Centre of delayed response and alleges the state government had failed in 'civic mediation and statesmanship' New Delhi: A report by a panel of retired judges and a former Union home secretary has accused the central and Delhi governments of “glaring failures of constitutional duties” during and after the February 2020 communal riots in the capital. It has accused the Centre of delayed response and the state government of...
More »Supreme Court to look into validity of UAPA next month -R Balaji
-The Telegraph Bench says matter will be taken up along with similar pleas pending before SC The Supreme Court will on October 18 take up a batch of petitions challenging the constitutional validity of the anti-terror law Unlawful Activities (Prevention) Act, 1967, which critics say is being increasingly used by parties in power against political opponents and journalists. The bench of Chief Justice U.U. Lalit and Justices S. Ravindra Bhat and J.B. Pardiwala,...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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