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The pillars of an equitable post-COVID India -S Mahendra Dev

-The Hindu In the post-pandemic world, addressing inequality is key to sustaining growth and well-being COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India’s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than ₹150 per day more than doubled. The Pew report...

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China may have become more prosperous in comparison to India in 2020, estimates new study

During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...

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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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1,200 faculty in rural engineering colleges will lose jobs by month-end -Priscilla Jebaraj

-The Hindu “What is government talking about NEP when it cannot sustain gains of an existing project?” A World Bank funded project to take graduates from elite institutions to rural and remote engineering colleges in poorer States is coming to an end in March, leaving more than 1,200 assistant professors out of a job and some rural colleges bereft of half their faculty. The Centre is preparing its own MERITE project with...

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More fatalities likely among poor victims of road crashes: World Bank report -Jagriti Chandra

-The Hindu Study highlights the socio-economic impact of accidents There are more fatalities from road crashes among poor families rather than the rich shows a new World Bank study that highlights the socio-economic impact of road accidents — from access to post-accident medical care to coping with the financial distress caused by a mishap. In the study, Low Income households reported twice the numbers of deaths post-crash vis-à-vis high income households. The risk...

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