-Press release by World Bank dated November 14, 2022 NEW DELHI: A new World Bank report estimates that India will need to invest $840 billion over the next 15 years—or an average of $55 billion per annum—into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population. The report, titled “Financing India’s Urban Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action” underlines the...
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Why Economic Inequality is a Burning Issue that Needs Attention -Atman Shah and Dipak Chaudhari
-Newsclick.in Inequality is not natural but manufactured. It’s time policymakers stopped normalising the wealth and income gap. Else, post-Covid inequality could become a permanent feature. Wealth and income inequality are more than just economic concepts. They also influence education and health outcomes, poverty levels, employment and unemployment rates, opportunities, choices, and, ultimately, happiness. Of late, several reports have investigated the impact of COVID-19 on various segments of society at the regional, national,...
More »Recovery analysis that points out what India got wrong -Suvojit Chattopadhyay
-The Hindu Being fiscally conservative resulted in a rise in extreme poverty, with there being no signs of any course correction A recent World Bank report, titled “Correcting Course”, captures the impact of the COVID-19 pandemic on global poverty. The number of people living in extreme poverty rose by seven crore million in 2020, as the global poverty rate rose from 8.4% in 2019 to 9.3% in 2020. This is the first...
More »ECI seeks restrictions on cash donations to political parties, writes to government
-PTI/ The Hindu Chief Election Commissioner suggests a slew of amendments to RP Act to increase transparency and accountability on part of candidate The Election Commission has proposed reducing anonymous political donations to ₹2,000 from ₹20,000 and cap cash donations at 20% or at a maximum of ₹20 crore to cleanse election funding of black money, sources said on Monday. Chief Election Commissioner (CEC) Rajiv Kumar has written a letter to Union Law...
More »The story behind the big GDP-GVA gap -Pragya Srivastava
-Livemint.com Yet again, two measures of India’s economy— ‘gross value added’ and ‘gross domestic product’—have grown at widely different paces. While change in GDP significantly lagged the change in GVA in FY21, the story was opposite in FY22, says data released Tuesday. Mint explains: What is the difference between GVA & GDP? Gross value added (GVA) adds up the value of all goods and services produced in an economy after deducting the input...
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