Economic inequality: GK, General Studies and Current Affairs

Residential Asset Price Monitoring Survey conducted by RBI

The Reserve Bank of India (RBI) has conducted the quarterly Residential Asset Price Monitoring Survey (RAPMS) on housing loans disbursed by select banks / Housing Finance Companies (HFCs) across 13 cities. The report indicated that housing affordability has worsened over the past 4 years as the House Price to Income (HPTI) ratio increased from 56.1 ..

Canada Budget : 2019

This year budget also focuses on the growth of the middle class people as the Canadian government has been doing since 2015. This budget focuses on affordable home, good job, retirement financial security, affordable prescription drugs. It has given importnce to helping workers gain new skills Affordable post secondary education On the job learning for ..

ADB projects India’s growth to 7.3% in 2018-19

The Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with 7.3% growth in 2018-19, and 7.6% in 2019-20. ADB Chief Economist Yasuyuki Sawada has stated that India should not worry about not achieving 8% growth but focus on increasing domestic demand by reducing the income inequality. He said growth ..

Commitment to Reducing Inequality (CRI) Index

The Commitment to Reducing Inequality Index uses a new database of indicators covering 152 countries, which measures government action on social spending, tax and labor rights – three areas found to be critical to reducing inequality. It has been prepared by Development Finance International, Inc. and international NGO Oxfam. India has been ranked 132nd among 152 nations in a ..

Mumbai named in list of 15 wealthiest cities globally, as per latest report by New World Wealth

India’s financial capital Mumbai, with a total wealth of $950 billion, has been named 12th wealthiest city among the top 15 wealthiest cities globally. Mumbai also features among the top 10 cities in terms of billionaire population. The city is home to 28 billionaires, individuals with $1 billion or more in net assets. According to ..