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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The coast is unclear: on the 2018 CRZ notification -Kanchi Kohli & Manju Menon
-The Hindu The Coastal Regulation Zone notification of 2018 increases the vulnerability of coastal people to climate disasters The National Democratic Alliance government has unleashed several extremely unimaginative developmental policies that target areas that have retained some degree of ecological value to turn them into sites for industrial production. This is despite evidence of the damaging effects of such policies. The latest instance of this is the Coastal Regulation Zone (CRZ) notification...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »A statistical boost to growth in Indian economy -Manas Chakravarty
-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
More »Over 60% housing projects in 50 cities delayed: Survey -Dipak K Dash
-The Times of India NEW DELHI: At least 62% of under-construction housing projects across 50 cities are delayed, while the percentage for delayed flats/apartments stands slightly higher at 64%, recent analysis by a real estate research firm has found. According to data accessed by 'Fight for RERA', the umbrella body of flat buyers, from research firm Liases Forras, nearly 30% of underconstruction apartments are delayed by two or more years. "Flats or houses...
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