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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Bill to reform insurance sector may come in monsoon session - Subhash Narayan
The draft bill allows insurance companies the freedom to sell different financial products Mint The government is likely to introduce the Insurance Laws (Amendment) Bill 2022 in the monsoon session of Parliament to bring deep reforms in the insurance sector, including a provision for composite insurance licence and flexibility in entry barriers, two people aware of the development said. According to them, stakeholder consultation on the draft bill is expected to be...
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 »Subjective indices mar World Bank’s Governance Indicators: EAC-PM Paper -Rajeev Jayaswal
-Hindustan Times The World Bank should ensure “greater transparency and accountability” while factoring in subjective opinion-based indices as inputs for its World Governance Indicators (WGI) that has significant weightage in sovereign ratings, the Economic Advisory Council to the Prime Minister (EAC-PM) said in a series of tweets citing an internal working paper, and called for independent Indian think tanks to bring out similar perception-based indices for the world in order to...
More »Nobody approved India's 'Precautionary' doses -Banjot Kaur
-TheWire.in * Neither the CDSCO nor the national advisory group on immunisation was taken into confidence before Prime Minister Modi announced the rollout of booster doses. * In reply to a series of RTI applications by The Wire Science, the PMO and the health ministry refused to divulge details of the government’s decision-making. * One reply indicated that the government had misled the Supreme Court about the availability of the minutes of an...
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