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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How will Indian Cities Fare if a Turkey-like Earthquake Strikes the Subcontinent?
On 6 February, 2023 Southern Turkey and the adjoining areas in Syria were hit by a 7.8 magnitude earthquake followed by several aftershocks. The tremors have flattened buildings and destroyed roads and other infrastructure. At least 35,000 casualties (UPDATE) have occurred across Turkey and Syria, with the vast majority being in the former nation. A news report cited the Turkish environment minister saying that 24,921 buildings across the region had collapsed. What...
More »Can India have ‘Project Great Indian Bustard’, apex court asks during hearing on GIB deaths -Shuchita Jha
-Down to Earth A total of seven Great Indian Bustards have died in 2022 due to electrocution A Supreme Court (SC) bench headed by Chief Justice of India DY Chandrachud asked the Union government December 1, 2022, if a ‘Project Bustard’ could be launched on the lines of ‘Project Tiger’. The bench was hearing petitions throwing light on the critical situation of Great Indian Bustards (GIB) and their deaths due to electrocution from...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Freebies: Uttar Pradesh, Maharashtra are among top-2 states with highest liabilities
-Livemint.com A PIL said that Indian states have outstanding liabilities of ₹59,89,360 crore as of March 31, 2021 A PIL has been filed in the Supreme Court against freebies by state governments. As per the petition, the Indian states have outstanding liabilities of ₹59,89,360 crore as of March 31, 2021, and new sources of risk have emerged in the form of rising expenditure on non-merit freebies. Among the Indian states, Uttar Pradesh and...
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