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Parliament• According to the Association for Democratic Reforms (ADR), 430 out of the 521 sitting MPs in the Lok Sabha have assets worth more than ₹1 crore.
• In other words, 83% of our lawmakers are Crorepatis. That makes them a rich people’s club governing a largely poor country.
World Economy• IMF has projected that global growth will be 3.3% in 2019, down from 3.6% in 2018 and 4% in 2017, IMF Chief Economist Gita Gopinath told the press at the release of the World Economic Outlook 2019 April report.
• This lower projection is due to a slower global expansion in the second half of 2018 caused by U.S.-China trade tensions, macroeconomic stress in Turkey and Argentina, tighter credit policies in China and financial tightening, apart from a normalisation of monetary policy in advanced economies.
• India’s growth is projected to pick up, from 7.1% in 2018, to 7.3% in 2019 and 7.5% in 2020, “supported by the continued recovery of investment and robust consumption amid a more expansionary stance of monetary policy and some expected impetus from fiscal policy.
Health• According to the report by the U.S.-based Center for Disease Dynamics, Economics & Policy (CDDEP):
• In India, there is one government doctor for every 10,189 people (WHO recommends a ratio of 1:1000), or there is a deficit of 600,000 doctors, and the nurse:patient ratio is 1:483, implying a shortage of two million nurses.
• In India, 65% of health expenditure is out-of-pocket, and such expenditures push some 57 million people into poverty each year.
Forests• The world lost 12 million hectares of tropical tree cover last year — the equivalent of 30 football pitches a minute.
• It was the fourth highest annual decline since records began in 2001, according to new data from Global Forest Watch, which uses satellite imagery and remote sensing to monitor tree cover losses.
Air Pollution• The current high level of air pollution has shortened the average lifespan of a South Asian child by 2.5 years, while globally the reduction stands at 20 months, according to State of Global Air 2019, published by Health Effects Institute (HEI).