An inclusive growth policy
India Human Development Survey (IHDS):
- The median real income of the households from all sources had been about Rs. 28,200 in 2004-05; this increased to about Rs. 37,500 in 2011-12, which is an average of 4.7 per cent annually.
- Real average household income in rural India has increased 5.0 per cent annually — almost twice the 2.6 per cent annual growth in urban India. This has resulted in a significant narrowing of the gap in household income — from 2.26 times in 2004-05 to 1.97 in 2011-12.
- The highest growth in the median per capita incomes is reported for Dalits (7.8 per cent annually) and OBCs (7.3 per cent), while the real median income of high caste Hindus grew only at 4.6 per cent annually. The average income growth of other vulnerable groups was also higher than that of high caste Hindus. The income of Adivasis grew at 5.7 per cent annually while the income of Muslims grew by 5.4 per cent.
- largest gains for the traditionally vulnerable households — rural areas, Dalits, OBCs, Adivasis and Muslims
These show inclusiveness of the recent economic growth and that the inclusive growth policy implemented during the 11th Five Year Plan may have been working.
Three repeat offenders get death penalty in Shakti Mills rape case
A sessions court here awarded the death penalty, under a new IPC section, to three repeat offenders who gang-raped a photojournalist on the Shakti Mills compound in 2013.
Section 376 E of the Indian Penal Code, providing for the death penalty for repeat offenders, was introduced under the Criminal Law (Amendment) Act following the December 2012 Delhi gang rape.
India Human Development Survey (IHDS):
- Purchase of air-conditioners, colour TVs, refrigerators, cars, laptops and credit cards has doubled over the last seven years, and cellphone ownership has exploded from 7 per cent of the population in 2004-05 to 82 per cent.
- The Indian middle class now owns more gadgets and is a little better educated, but is still not as prosperous as has been believed to be.
Inside a moon of Saturn, beneath its icy veneer and above its rocky core, is a sea of water the size of Lake Superior, scientists announced on Thursday.
The findings, published in the journal Science , confirm what planetary scientists have suspected about the moon, Enceladus, ever since they were astonished in 2005 by photographs showing geysers of ice crystals shooting out of its south pole.
Only 40 per cent of middle class has piped water connection: survey
- only 40 per cent of those in the middle class, comprising households with annual income above Rs. 88,800 annually (an estimate suggested by NCAER researchers), have piped water connections, and only 15 per cent get three hours of water supply every day. Just over half of such families have flush toilets and a similar percentage get 18 hours of electricity in a day.
- Non-agricultural labour is still the most common job for men in families earning between Rs. 88,801 to 1.5 lakh per year. For the richest 20 per cent population (above Rs. 1.5 lakh per year), however, salaried work becomes the most common occupation.
GSLV to soar into sky with crew capsule in June
India’s huge Geo-synchronous Satellite Launch Vehicle (GSLV- Mark III) will soar into the sky with a crew capsule from Sriharikota in June, signalling that the country is getting ready to send its own astronauts into space. It will be an experimental mission and it will carry no astronauts. This crew capsule will return to the earth with parachutes.
Shifting focus to retail inflation, the Reserve Bank of India, on Friday, said it would compute and release real effective exchange rate (REER) only on the basis of the Consumer Price Index (CPI) as the price index for India from this financial year.
REER indicates movements in exchange rates of the home currency against a basket of currencies of trade partner countries and is considered to be an indicator of international competitiveness.
Till now, in the case of India, the RBI was providing the REER index using the Wholesale Price Index (WPI) for India and CPI for partner countries.
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