Economy

How do unemployment, inflation and economic inequality affect the lives of urban residents? How does government policy impact local economies and livelihoods of the people? Gain insights into these through community stories, reports on urban economic trends and developments as well as expert commentary.

If you were going to buy a residential apartment from a building named 'Radiant Manor' you would quite naturally except to get a perfect home to live in. This is what Venkatesh Narayan Baichwal of Jayanagar had hoped for when he entered into a construction agreement in March 2005 with Radiant Homes (Proprietor, Manohar Karkal). This firm had agreed to construct a residential apartment for him measuring 975 square feet on the second floor of a building named Radiant Manor. The agreement was that the seller would pay Rs.11,97,500 for construction of the apartment inclusive of Rs. One lakh towards…

Read more

On 20 September, the III Additional Bangalore Urban District Consumer Disputes Redressal Forum ordered a Bangalore based dentist to pay up Rs.One lakh as compensation to a young student who suffered due to deficient service from the dentist's clinic. M A Shilpa aged twenty, doing her post graduation course in economics and business, in an evening college in Bangalore, went to the Tarana Dental Clinic in Padmanabhanagar, Bangalore, during the first week of June 2006, complaining of pain in her lower right jaw. Dr Archana Hegde, (B.D.S. Esth. Dent.USA) examined her, filled a cavity in her tooth, and prescribed some…

Read more

Every morning, Mahadev rises and soars with the soggy monsoon sun as orders surge. It’s boom time in IT city, after all. “I haven’t seen such a busy season for three years,” he smiles, as he wends his way over the half-manicured streets of HSR Layout. Mahadev is 12. He doesn’t know, therefore, that his princely wages of Rs.70 per day earned for moulding iron gates and grids is a shameful secret. That his earnings are a breaking story of sorts, though not for the same reason as those of IIM-B graduates. His salary is invisible as his employment violates…

Read more