United Nations Global Compact (UNGC) report, released this week, stating that richest 1% Indians own 53% of the total, second worst in terms of wealth inequality, puts again a question mark over India’s developmental model. As per an IMF paper, Gini coefficient has risen sharply for the nation since 1990 despite significantly higher growth rate. So, … Continue reading India’s Growth Story – Are We Better Off.. Or, Worse Off..??
The Economic Survey has floated the idea of Universal Basic Income (UBI) which essentially means transferring a certain amount of money into the account of people rather than trying to reach out to them through the welfare schemes. As per the Survey, it is an idea whose time has come for serious discussion. A look at … Continue reading Understanding Universal Basic Income (UBI)…
The Economic Survey, presented just a day before the Budget, loses the attention it deserves in the din of Budget. However, the Report, nothing less than a holy book for the economist, carries wealth of information, to be covered in a series of articles, the first being this.. Despite all the criticism India faces, especially … Continue reading Economic Survey Highlights..
The week’s highlight was the news from banking sector. While SBI initiates process for merger of its associate banks, PNB shocks with more than Rs 5,000 crore loss in Q4’ 16. Other than PNB, four other PSBs, IDBI Bank, Syndicate Bank, Corporation Bank and UBI declared their results this week. All four have reported significant … Continue reading Weekly Round Up – Week 20