Socio Economic Issues

Context: Income inequality remains a critical global challenge, requiring comprehensive solutions. To achieve greater equity, there is a need to shift from the traditional “economies of scope and scale” to an “economy of purpose.” Key Strategies to Combat Income Inequality Implementing Progressive Taxation: Progressive tax systems are essential for redistributing …

Despite the efforts initiated by the 11th Finance Commission, financial devolution to urban areas remains inadequate. Municipalities suffer from poor fiscal health, and rapid urbanization without sufficient fiscal measures hinders development. Financial Devolution to Urban Local Bodies (ULBs) India allocates only 0.5% of its GDP to ULBs, whereas countries like …

The Earth Summit, often referred to as the United Nations Conference on Environment and Development (UNCED), took place in Rio de Janeiro, Brazil, from June 3–14, 1992. This international conference brought together political leaders, diplomats, scientists, media representatives, and non-governmental organisations (NGOs) from 179 countries in an attempt to focus …

Introduction Microfinance is a method of lending very small sums to individuals to start or expand a small business. These borrowers tend to be low-income individuals. Features of Microfinance in India The principal amount borrowed is less than Rs 1 lakh Interest rates are lower than normal banks Does not …

With higher growth rates not having translated into more jobs and increases in productivity failing to spur a commensurate rise in wages, the government ought to formulate a National Employment Policy that takes these trends into account, the State of Working India 2018, a new study released by Azim Premji …

Milita Odisha Nisha Nibaran Abhijan (MONNA), an organisation of social activists pressing for complete prohibition in the State, will start a signature campaign in all the Assembly constituencies. The month-long campaign will start on September 2 from the Hinjli Assembly segment in Ganjam district, which is represented by Odisha Chief …

Stronger implementation of minimum wage laws and boosting frameworks for collective bargaining are needed Real average daily wages in India almost doubled in the first two decades after economic reforms, but low pay and wage inequality remains a serious challenge to inclusive growth, the International Labour Organization warned in its …

Their annual income may just be enough to repay what they borrowed; Telangana, A.P., Karnataka top the list with over 70% indebted families More than half the agricultural households in the country have outstanding debt, and their average outstanding debt is almost as high as the average annual income of …

Here’s some food for thought served in a pocket-friendly manner. The Tamil Nadu Hotels Association has announced a 5% discount on the bill if customers bring their own utensils and bags for food parcels. The association, with over 10,000 members, has passed a resolution to this effect. “On an average, …

Research by the Centre for Adivasi Research and Development has revealed that following the NITI Aayog recommendations in Jharkhand, 1,300 primary and middle schools were merged or closed and the government was targeting another 4,600 schools this year. In Karnataka, both government and aided schools located within 1 km from …