COPPOLLA ABRE O JOGO SOBRE A POLÊMICA MATÉRIA DA REVISTA PIAUÍ | Pânico 2022 #204

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The Income Mobility Trail of Lies

On paper, it appears the Treasury Department has managed to analyze income mobility inside out and backwards to come to the conclusion the poor are jumping up the income quintile ladder by leaps and bounds, while the rich are losing ground. The study concluded there is considerable income mobility of individuals and the degree of mobility is basically unchanged from prior periods.

Strong Money – A Bad Strike for the NRIs

The hard earned income of the 40 lakh non-resident Indians are declining along with the export units’ profit in the country. During the last six months, the appreciating rupee has brought down their earnings by 15 percent in rupee terms. No NRI who sends money to India can escape this ‘rupee effect’ since the dollar is the intermediary currency in determining the exchange value between a non-dollar currency and the Indian rupee.

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