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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Ex-Union secretary EAS Sarma flags poll bond ‘foul play’ -Pheroze L Vincent
-The Telegraph ‘Ill-timed, improper’ amendment notified by Centre a bid by ruling party to take ‘undue advantage’, says former economic affairs secretary New Delhi: Former Union economic affairs secretary E.A.S. Sarma has asked the Election Commission of India to prevent the fresh sale of electoral bonds, as allowed under an amendment notified by the Centre on Monday that he described as “ill-timed, improper” and as a bid by the ruling party to...
More »The three economic realities facing China -Uma Gupta
-Hindustan Times The 20th National Congress of the Communist Party of China (CPC) began in Beijing on October 16. While the run-up to the 20th congress has been dominated by talks of Xi Jinping getting elected as the highest leader for an unprecedented third consecutive time, the gathering will also have to confront serious and somewhat new questions as far as the Chinese economy is concerned. The 20th National Congress of the...
More »The electoral bonds scheme and the challenges to it in Supreme Court -Diksha Munjal
-The Hindu So far, from March 2018 to April 2022, over 18 thousand bonds worth over ₹9.8 thousand crore have been sold by the SBI in 20 tranches The story so far: The Supreme Court is expected to hear the petition filed by the Association for Democratic Reforms (ADR) challenging the Centre’s electoral bonds Scheme soon. . The plea has been pending since 2017. The interim petitions seeking to stay the electoral bonds...
More »ECI seeks restrictions on cash donations to political parties, writes to government
-PTI/ The Hindu Chief Election Commissioner suggests a slew of amendments to RP Act to increase transparency and accountability on part of candidate The Election Commission has proposed reducing anonymous political donations to ₹2,000 from ₹20,000 and cap cash donations at 20% or at a maximum of ₹20 crore to cleanse election funding of black money, sources said on Monday. Chief Election Commissioner (CEC) Rajiv Kumar has written a letter to Union Law...
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