The rural development ministry has come out with a new base and revised index for determining wages under its flagship rural job guarantee scheme, Mahatma Gandhi National Rural Employment Guarantee Act, 2005.
Focusing on the productivity of the agricultural sector to lift the incomes of smallholder farmers is one of the most direct routes to addressing rural poverty and India can raise farm yields by rebalancing investment and making targeted reforms in the agricultural sector says this new report by McKinsey Global Institute.
According to this OXFAM working paper, the economic inequality is rapidly increasing in the majority of countries. The wealth of the world is divided in two: almost half going to the richest one percent; the other half to the remaining 99 percent. Read the text.