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Income and Inequality across Rural–Urban, Occupational, and Caste Divides

The evolution of income in India from 2014–19 is analysed, and it is found that the lower end of the income distribution has experienced significant losses—the bottom ventile shows not only a decline in income share of ~41% but also a negative real average income growth of -5.5% per annum. Further investigating the composition of this part of the distribution using rural and

India , New-york , United-states , Australia , United-kingdom , New-delhi , Delhi , Geneva , Genè , Switzerland , Cambridge , Cambridgeshire

'Inequality has deepened under Modi' - Telegraph India

'A chronological account in India, comparing the figures of the past with those of the present, does indicate the severity and intensity'

India , United-kingdom , British , Thomas-piketty , Periodic-labour-force , National-statistical-office , Lucas-chancel , From-british-raj , World-inequality-report , World-inequality , Periodic-labour-force-survey , State-bank

Investigation of Shaheed Mohtarma Benazir Bhutto assassination

Investigation of Shaheed Mohtarma Benazir Bhutto assassination % Fourteen years have passed and PPP workers are still waiting for justice in the Shaheed Mohtarma

Akora-khattak , North-west-frontier , Pakistan , Peshawar , Afghanistan , United-states , Pabbi , United-kingdom , Islamabad , Sindh-assembly , Sindh , Lahore-high-court

Moneycontrol Pro Weekender | Where are you on India's wealth ladder?

Moneycontrol Pro Weekender | Where are you on India’s wealth ladder?
Moneycontrol
7 hours ago
Dear Reader,
Credit Suisse has for the last decade brought out a Global Wealth Databook, which estimates the total wealth of nations, how it is divided, how many millionaires and billionaires we have and other such data. This year’s edition tells us that the richest 1 percent of Indians own 40.5 percent of the nation’s wealth, the top 5 percent own 61.7 per cent and the top 10 percent have 72.5 percent. Putting it differently, the top 5 percent own more than the other 95 percent combined.
Where do you stand on the rich list? Credit Suisse has helpfully told us what it takes to get on it. It estimates that the minimum wealth for an adult to be part of the richest 1 per cent in India is $150,902. At current rates of around Rs 74.5 to a dollar, that would be around Rs 1.12 crore. Note that this is wealth per adult and not per household.

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Sustaining India's growth miracle requires increased attention to inequality of opportunity

Branko Milanovic
In 2006, the World Bank set up a blue-ribbon Commission on Growth and Development to understand why some countries achieve growth miracles and others fail. Reflecting on the findings, Michael Spence, who chaired the Commission, wrote that “perhaps the most important lesson was that growth patterns that lack inclusiveness and fuel inequality generally fail” (Spence 2018). Since the Commission’s work, India has joined the list of growth miracles, bearing out – and narrowly beating out – the forecast by Rodrik and Subramanian (2004) that India would grow at 7% per year annually for the next 20 years. The four-fold increase in average incomes since 1990 has lowered the share of the population living in absolute poverty from 45% to 20%, improving the lot of 130 million people.

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Rebooting Economy 62: Economic growth for whom and for what?

Rebooting Economy 62: Economic growth for whom and for what?
© India Today Group
Rebooting Economy 62: Economic growth for whom and for what?
Hours left in the first budget, reviving economic growth is uppermost in everyone's mind. But what does economic growth mean? Is it growth in GDP numbers or a boom in the stock market? More significantly, what does it have for ordinary citizens?
These questions assume significance because the pandemic has hit them the hardest, particularly the poorer segment. The World Bank, IMF, and Brookings Institute reports say India would see the most number of people slipping into 'extreme poverty' (per capita per day living expense of $1.9). The estimates vary from 40 million to 85 million of additional extreme poor. The Oxfam International's January 22, 2021 report says inequalities in health and education too have risen sharply.

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Except for those killed mysteriously: All those involved in Benazir murder identified, arrested, tried, claims Malik

Top Story
December 27, 2020
ISLAMABAD: Pakistan Peopleâs Party (PPP) leader and Chairman Senate Standing Committee on Interior A Rehman Malik said on Saturday that all those involved in the murder of Benazir Bhutto had been identified, arrested, tried under the law except for those who were killed mysteriously.
In a statement issued on the 13th assassination anniversary of Benazir Bhutto, he said a false impression was created by some with ulterior motives that Pakistan Peopleâs Party (PPP), during its tenure, was unable to arrest and investigate the killers of Benazir Bhutto.
Rehman Malik, who served as the interior minister during the PPP government from 2008 to 2013, said that the BB murder case was got transferred from the Punjab police to the FIA by the federal government and a joint investigation team (JIT) was constituted under Tariq Khosa for further investigation.

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All involved in BB's murder identified, says Malik

All involved in BB’s murder identified, says Malik
Top Story
December 27, 2020
ISLAMABAD: Pakistan People’s Party (PPP) leader and Chairman Senate Standing Committee on Interior A Rehman Malik said on Saturday that all those involved in the murder of Benazir Bhutto murder had been identified, arrested, tried under the law except for those who were killed mysteriously.
In a statement issued on the 13th assassination anniversary of Benazir Bhutto, he said a false impression was created by some with ulterior motives that Pakistan People’s Party (PPP), during its tenure, was unable to arrest and investigate the killers of Benazir Bhutto.

Akora-khattak , North-west-frontier , Pakistan , Abdul-rashid , Ghazni , Afghanistan , United-states , Islamabad , Sindh-assembly , Sindh , Nasrullah , Rawalpindi

Except for those killed mysteriously: All involved in BB murder arrested, tried: Malik

National
December 27, 2020
ISLAMABAD: Pakistan People's Party (PPP) leader and Chairman Senate Standing Committee on Interior A Rehman Malik said on Saturday that all those involved in the murder of Benazir Bhutto murder had been identified, arrested, tried under the law except for those who were killed mysteriously.
In a statement issued on the 13th assassination anniversary of Benazir Bhutto, he said a false impression was created by some with ulterior motives that Pakistan People’s Party (PPP), during its tenure, was unable to arrest and investigate the killers of Benazir Bhutto.
Rehman Malik, who served as the interior minister during the PPP government from 2008 to 2013, said that the BB murder case was got transferred from the Punjab police to the FIA by the federal government and a joint investigation team (JIT) was constituted under Tariq Khosa for further investigation. He said it remained a mystery in the minds of investigator as to how a drone hit only Obaidur Rehman alias Chattan and killed him in Khyber Agency, who was the main handler of Benazir Bhutto murder plan.

Akora-khattak , North-west-frontier , Pakistan , Abdul-rashid , Ghazni , Afghanistan , Sindh-assembly , Sindh , United-states , Islamabad , Afghan , American

Khalid Zaka: An economic perspective on Hindu religious extremism in India

by Khalid Zaka on December 17th, 2020 at 9:56 PM
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The Bharatiya Janata Party's (BJP) religious extremism against minorities, predominantly the Muslim minority, has exceeded all previous recorded historical records in India.
Hindu religious extremism is propagated or acted upon by the BJP's racist workers. Still, it is potentially being spread by the people in power as a mechanism of control and for consolidating larger economic interests of the elite. This has raised serious questions.
One can ask: what happened to a secular society and how has it become enmeshed in religious extremism?
Who is this religious extremism serving: the BJP or ordinary Indians or the Indian elite or powerful geopolitical interests?

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