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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Obituary: P.V. Satheesh, the Communicator and Idealist who Helped Marginalized Communities Find their Voice
P.V. Satheesh, founder and Executive Director of the Deccan Development Society passed away on 19 March, 2023. Periyapatna Venkatasubbaiah Satheesh – P.V. Satheesh to friends – was born in Mysore in 1945. He studied mass communication and television production at the Indian Institute of Mass Communication and the Film and Television Institute of India. He joined Doordarshan as a senior producer and worked on programming related to rural development and...
More »The number of Micro, Small, Medium enterprises that closed in 2022-23 was 6000% greater than two years ago - Parliamentary Question
Rajya Sabha 10,655 micro, small and medium enterprises (MSMEs) closed in 2022-23. That is a 6,088% increase over the number in 2021-22, with 175 closures. The data was revealed by the Ministry of Micro, Small and Medium Enterprises, Government of India as part of the response to a Parliamentary Question asked in the Rajya Sabha. The data was compiled from the Udyam registration portal, the Ministry's online portal for registrations and...
More »Banks eye Rural loan growth to push credit-deposit ratio - Mihir Mishra, Shayan Ghosh
Mint India’s rural borrowers and small businesses owners may have easier access to credit with public sector banks (PSBs) planning to increase financing to these segments, after the Union finance ministry urged lenders to improve their credit-deposit ratio. The C-D ration indicates how much of a banks' deposit base is being utilized for extending loans. The development may help expedite the revival of the rural economy, which is struggling to reach pre-covid...
More »9 of World's 10 most air-polluted cities in South Asia, deadly air causes 2 million premature deaths - World Bank
Urgent action needed to curb deadly air pollution in South Asia A new report by the World Bank states that Nine out of the world’s 10 cities with the worst air pollution are in South Asia. Ambient air pollution is a public health crisis for South Asia, not only imposing high economic costs but also causing an estimated 2 million premature deaths each year. The health impacts of air pollution range...
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