Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline...

The Suresh Tendulkar committee report revising upwards poverty estimates across the country may further strain government finances with many of the states already demanding special status to address the issue and an enhanced allocation under many of the pro-poor schemes. The committee, in its report submitted to the Planning Commission last week, had estimated that 37% of India’s population is under the poverty line, while the proportion of the poor...

For a country looking to reap its demographic dividend when most other economies would be struggling to cope with ageing populations, the health of India’s under-five population should be a huge concern. Almost half (48%) of children under the age of five are stunted, or too short for their age, and 43% are underweight, according to the National Family Health Survey of 2005-06 (NFHS-3). The primary cause, finds the survey,...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

Climate change is posing a serious threat to communities in the Hindu Kush-Himalayan region, bringing both drought and catastrophic floods to hundreds of millions of people, according to a new United Nations-backed report. Food security, housing, infrastructure, business and even the survival of people living in mountainous regions and their neighbours in river basins downstream in the region are extremely vulnerable to climate change, it said. The publication was launched...