India saw the fastest rise in inequality of all major world regions between 1980 and 2016, and 55% of the country’s income share is in the hands of the wealthiest 10%.
Gujarat is a classic case of a corporate-led development model which involves increasing prosperity for the rich, but very little benefit of growth trickles down to the poor.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
The narrative about the ideal of equality needs correction. When we talk about elimination of inequality or suggest such a ditection we are being disingenuous. Inequality is the ultimate truth. It has always been. It will always be. And that’s the reason why – as the writers also wonder here – the public sentiment is not strong enough to create a policy pressure. The disadvantaged would want to get advantage not to get in an equal position, but to be better than the ones who are worse. Let’s give a acall for dignified inequality. That makes sense in addition to speaking the real problem that skewed distribution of resources has created.
The narrative about the ideal of equality needs correction. When we talk about elimination of inequality or suggest such a ditection we are being disingenuous. Inequality is the ultimate truth. It has always been. It will always be. And that’s the reason why – as the writers also wonder here – the public sentiment is not strong enough to create a policy pressure. The disadvantaged would want to get advantage not to get in an equal position, but to be better than the ones who are worse. Let’s give a acall for dignified inequality. That makes sense in addition to speaking the real problem that skewed distribution of resources has created.