By Andy Mukherjee The investing world is enthralled by a determined Beijing as it cuts China’s private sector down to size by relentless regulatory action. That’s good news for New Delhi: Its more subtle maneuvers in.
India’s unequal Covid pandemic – Luxury SUVs for the rich, lost homes for the poor: Bloomberg June 14, 2021, 10:28 AM IST in Foreign Media, Economy, India, World, TOI
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By Andy Mukherjee
Mercedes-Benz AG recently introduced its Maybach sport utility vehicle in India right in the middle of a fierce second wave of the pandemic. The 50 cars the German automaker wanted to sell by the end of 2021 were lapped up in a month. It turns out that just as the rich were scrambling to own these $400,000 wheels, annual per capita income was sliding below $2,000, with the country falling behind neighboring Bangladesh.
Emerging economies have historically tolerated higher inequality, hoping to hit the inflection point in the Kuznets curve, beyond which incomes keep rising but disparities fall. Whatever the merits of the controversial hypothesis, the gap opened up by Covid-19 is no price of progres
Democracy in Indian has seen a worrisome erosion over the last few years which is a wake-up call to those watching from afar including America, author and foreign policy expert Jonah Blank writes in.
By Mihir Sharma In cities at least, India’s nightmarish second wave of Covid-19 finally seems to be ebbing. Delhi has brought its test positivity rate below 2% for the first time in two months. The.
Modi’s monstrous Parliament project could fund 40 large, fully-equipped hospitals: Daily Mail May 17, 2021, 10:55 PM IST in Foreign Media, India, TOI
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NEW DELHI: The Central Vista project being built under the Narendra Modi government could have easily funded 40 large, fully-equipped hospitals, a report published in the UK-based Daily Mail said.
The scathing report questioned the timing of the “garish new parliament resembling a triangular wedding cake” as thousands of people, within a few kilometres of the project, scramble for bare essential health services to fight off the catastrophic second wave of coronavirus.
“The vainglorious man who now presides over the world’s biggest democracy, Prime Minister Narendra Modi, is determined to expunge this symbol of despised colonial rule, and build its replacement far more quickly,” David Jones said in his report.