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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India’s 20 Largest Profit Generators Are Earning 80% Of the Nation’s Profits - Nandita Rajhansa, Saurabh Mukherjea
A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...
More »In 2021, Over 100 Houses Demolished Every Day, 24 People Evicted Every Hour, says latest HLRN report
--Press release by Housing and Land Rights Network (HLRN) dated September 21, 2022 Over One lakh People Already Evicted in 2022. Nearly 1 Million People Faced Evictions in India in the Last Five Years. In 2021, over 36,480 houses were demolished and 2,07,106 people were forcibly evicted across India by governments – at all levels, reveals a new report by Housing and Land Rights Network (HLRN). The report also finds that in...
More »Land banks in Jharkhand may become a recipe for conflicts -Sushmita
-India.Mongabay.com * The allocation of lands for new commercial coal mines is likely to renew issues related to the creation of land banks in Jharkhand. * Common lands that people use have been transferred to land banks over the years, and physical surveys to record actual rights aren’t complete yet. * Lack of effective implementation of the Forest Rights Act 2006 on forest land (also part of land banks) has been a major...
More »Learning loss a tragedy, but no mention in Union Budget: Raghuram Rajan -Ranjitha Gunasekaran
-The New Indian Express He said that instead of spending on the PLI schemes, the Centre should invest in filling the gaps in our education system, strengthening higher education, skilling, research, and development. Former Governor of Reserve Bank of India, Raghuram Rajan has expressed concern over lack of focus on the learning loss caused due to Covid-19 among school children in the Union Budget, while a significant amount of money was allocated...
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