For the past 36 years, banks' pensions have not been upgraded. No social security, like universal basic income, is considered. The vast majority of unorganised sector workers (94%) do not have access to provident...
In FY18, the last year for which disaggregated income tax data is available, only 29,002 ITRs declared income above Rs 5 crore, while Credit Suisse said India had 7.25 lakh dollar millionaires (the wealth...
A 17% credit growth in the first quarter of November 2022 means little since personal loans continue to dominate over loans to industry, particularly large industry. In September 2022, the CFA explained how India’s...
The handbook on ‘Need for Environmental and Social Safeguards for Financial Institutions’ makes a case for implementation of safeguards mechanisms in financial institutions (FIs) which includes banks and non-banking FIs.
Surely, the Center doesn’t know; had that not been the case, it wouldn’t be giving multiple sets of data, all of which contradict each other. One true “master stroke” that helped the Modi government...
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...
Until now, reservation was prompted by the perennial caste-based discrimination system, which has pushed a significant population into multiple deprivations; upper castes suffer no such handicap.
The callous and unwarranted announcement of demonetisation in November 2016 was one of the cruellest blows to the majority of India’s citizens, compelling them to plunge from what was already a life of desperation...
After getting independence in the year 1947, India adopted the process of planning for the economic development of the country. As soon as it became a republic, in 1950, the first five-year plan was...
Genetically modified food is back in the news after the regulator Genetic Engineering Appraisal Committee (GEAC) recommended “environmental release” of GM Mustard, billed as an indigenously developed transgenic hybrid or a “swadeshi” product, on...
While there is no way of knowing if companies are really spending 2% of their net profits, the Centre has removed critical disclosure norms, making CSR activities entirely opaque and unaccountable Having diluted corporate...
The Global Hunger Index has placed India at 107th position below Pakistan, Nepal and even Sri Lanka. The Indian government reacted with a strong rebuttal, alleging flawed data collection, poor methodology and conspiracy to...
The Global Hunger Index 2022 relies on India’s official data in two of the four indicators, gives extra marks in the third and for the fourth, it relies on FAO’s survey while India has...
Industrialists will only invest when it they see returns and it makes business sense. In Kishkinda Kanda, the fourth book of the epic Ramayana, the wise Jambavan reminds Hanuman of his own strength. As...
Shockingly, World Bank estimated this using a private firm CMIE’s surveys, because Indian government wouldn’t collect household consumption data, lest it reveals the ugly truth