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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Stress in villages, but growth in cities, says Hindustan Unilever CEO - Sagar Malviya
Economic Times Unilever global chief executive Alan Jope said high inflation impacted demand from low income consumers in Indian villages even as growth remains stronger in cities. "The market growth in India remains stronger in urban areas than in rural areas and that reflects the high impact of high food inflation on low income consumers. We are seeing rural markets broadly flat in value terms with lower volumes," Jope said during its...
More »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...
More »Are millets safe from biopiracy? -Vibha Varshney
-Down to Earth 2023 is the International Year of the Millets and during the year, efforts would be made to promote this superfood 2023 is the International Year of the Millets and during the year, efforts would be made to promote this superfood. As millets are adapted to grow in dry and arid regions, they attract big businesses and companies in times when climate change is making cultivation of other cereals difficult. But...
More »Highest share of CSR funds went to education in 2016-21: Data -Saubhadra Chatterji
-Hindustan Times India Inc. has utilised the highest share of its mandated Corporate Social Responsibility (CSR) fund in the education sector, followed by health and rural development between FY16-17 and FY20-21, according to data available with the Union ministry of corporate affairs. During these five financial years, the education sector received ₹29,918 crore in CSR funds. The health sector received ₹2,0716 crore, and rural development and related schemes got ₹9,820 crore, the...
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