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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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 $30 billion in estimated...
More »MGNREGA workers in West Bengal have not received wages since December 26, 2021
-Press release by NREGA Sangharsh Morcha dated December 26, 2022 * Centre withheld over Rs. 7,500 cr funds, Rs. 2,744 cr due to NREGA workers * Centre hasn’t sanctioned labour budget for 2022-23 * Loss of around Rs. 3,891-Rs. 6,046 crores of NREGA wages this FY due to stoppage of work * Average days of work for the current year dropped to meagre 23 from 63.46 days (pre-covid) and 49.96 days (post-covid) Victimisation of workers: MGNREGA...
More »What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »SC asks RBI to provide quorum details of its Central Board meeting that recommended demonetisation - Srishti Ojha
-India Today Attorney General of India R Venkataramani informed the Apex court that nothing was being hidden and the information, if asked by the court, would be provided. The Supreme Court on Monday inquired into the number of members present in the RBI’s Central Board meeting that decided to make the recommendation regarding the demonetisation of 500 and 1000 rupee currency notes in 2016. A 5-judge Constitution Bench orally asked counsel for the...
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