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The country should worry about further deepening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, Economic Disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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Why South India states are objecting to Finance Commission's mandate -Ajai Sreevatsan

-Livemint.com Use of population figures from 2011 census instead of 1971 census for sharing tax revenue among states triggers opposition from South India New Delhi: A political storm is brewing in South India over what is normally a largely unnoticed bureaucratic exercise undertaken once in five years to determine how India distributes its pooled tax revenues among its many states. Several chief ministers and opposition leaders of southern states have expressed vehement opposition...

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The gap between rich and poor States -Praveen Chakravarty & Vivek Dehejia

-The Hindu India is the only large country that is experiencing an economic divergence among its States. “Real freedom lies in economic freedom,” said Tamil Nadu Chief Minister Jayalalithaa, in her Independence Day speech this year. The subtle reference here was to the Goods and Services Tax (GST) Bill, which her party, the All India Anna Dravida Munnetra Kazhagam, did not endorse, the only political party to do so in Parliament, on...

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NSSO data confirms socio-Economic Disparity

Social justice is one of the basic pillars of democracy. But when it comes to livelihood security and socio-economic status of various communities in rural areas, persons belonging to Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBCs) lag far behind the upper caste population. This has been revealed in a recent National Sample Survey Organization (NSSO) report entitled: Employment and Unemployment Situation among Social Groups in India...

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India's shocking rates of suicide are highest in areas with most debt-ridden farmers

-News-Medical.net   A new study has found that India's shocking rates of suicide are highest in areas with the most debt-ridden farmers who are clinging to tiny smallholdings - less than one hectare - and trying to grow 'cash crops', such as cotton and coffee, that are highly susceptible to global price fluctuations. The research supports a range of previous case studies that point to a crisis in key areas of India's agriculture...

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