Economist Vamsi Vakulabharanam notes that despite differing political systems, both nations have had similar inequality trajectories, particularly after adopting market reforms.
Oxfam report says wealth of India’s top 100 billionaires increased enough during Covid that, if divided equally, it could translate to over Rs 94,000 each for 138 million of India’s poorest.
For two decades, I had maintained that unlike the developed West, India should not be overly concerned about inequalities because our economy was in the growth phase.
Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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