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Poverty and inequality

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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Indian banks gave more home loans than agricultural credit

In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...

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Fact check: Is natural gas just as responsible as coal for global warming, as Union minister claims? -Divyani Dubey

-Scroll.in In theory, natural gas is 'cleaner' than coal, but while producing the gas a certain amount of methane ( a greenhouse gas) leaks into the atmosphere. RK Singh, the Union Minister for Power, New and Renewable Energy, said on December 5 that natural gas is just as responsible as coal for global warming, if not more. “In COP26 they added a line, they wanted to add… phase-out of coal. But thereafter India...

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Latest Christian Aid report identifies top 10 climate disasters of 2022

-Press released by Christian Aid dated 27 December, 2022 * Study identifies the year’s 10 costliest extreme events influenced by the climate crisis - each caused more than $3 billion in damage. * Report also examines 10 other extreme events that caused massive human and environmental damage, mostly in the poorest countries. * The floods that submerged parts of Pakistan in June displaced 7m people and caused more than $30 billion in estimated...

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Success story: Why Leadership Counts -- An FPO in UP shows the way -PVS Surya Kumar

-The Hindu Business Line Farmer Producer Organizations (FPOs) is the new buzzword among development professionals and NGOs — both public and private! Everyone wants to mobilise the community and establish FPOs. Farmer Producer Organizations (FPOs) is the new buzzword among development professionals and NGOs — both public and private! Everyone wants to mobilise the community and establish FPOs. FPOs present the power of aggregation, farmers’ come together, form an organisation, which collectively buys...

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