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World Inequality Report 2018

World Inequality Report 2018

According to the World Inequality Lab’s World Inequality Report 2018, the richest 1% captured twice as much as the poorest 50% of world population since 1980. In other words, since 1980, 27% of all new income worldwide was captured by the richest 1%, while the poorest 50% captured only 13% of

Rajya Sabha clears Real Estate Bill

The Rajya Sabha passed the Real Estate Regulator Bill, which will help regulate the sector and bring in clarity for both buyers and developers. The key details of the bill are as follows: It establishes the State Real Estate Regulatory Authority for that particular state as the government body to be approached for redressal of

Economy: News Nuggets July 17, 2017

Jan Dhan deposits touch Rs 64,564 cr  Jan Dhan deposits touch Rs 64,564 cr; Rs 300 cr added during demonetization – According to Government data, Deposits in Jan Dhan accounts have touched a new high of Rs 64,564 crore, of which over Rs 300 crore came in the first seven months of

Uttar Pradesh presents a budget of Rs 3.9 lakh crore for 2017-18

Chief Minister Yogi Adityanath-led Uttar Pradesh government presented its first annual budget for 2017-2018 fiscal which is claimed that it will take the state forward onto a higher trajectory of growth. The Budget focuses on villages, poor and farmers.  The current budget, presented by Finance Minister Shri Rajesh Agarwal, is 10.9% higher as

News Nuggets Indian Economy (July 7, 2017)

GDP Growth- India likely to clock GDP growth of 6.9 % this fiscal, says BMI Research report - Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9% in this financial year, says a report.  According to a

OECD Economic Survey of India 2017

According to a new report from the OECD, the Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it. The Survey, launched  (March 1, 2017) in New Delhi by OECD Secretary-General

Labour Reforms: Government reduces 56 labour registers to 5 under various Labour Laws

The Government has simplified the maintenance of Labour registers of about 5.85 crore establishments in agriculture and non- agriculture sectors. These registers are related to details of employees, their salaries, loans/recoveries, attendance etc. This exercise will drastically reduce the number of registers being maintained by these establishments from 56 to

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