When the Indian government met the largest economic crisis the world has faced in nearly 80 years with tax cuts, aid for rural workers and interest rate cuts, critics said it was not enough. Now, though, it looks as if the policy makers may have offered too much. India’s $1 trillion economy, largely insulated from the global crisis by low reliance on exports and a heavily regulated banking system, has exceeded expectations...

Global population is going to cross the 7 billion mark by the year 2011. World population growth is almost entirely concentrated in the world's poorest countries. In a report prepared by the World Population Reference Bureau (www.prb.org), it has been found that within a span of 12 years, population of the world increased by 1 billion, which can be termed as a historic event. The report says that in the...

If a country’s national income is rising, someone in the country must be getting richer. Unless income distribution is changing, all income classes must get richer at about the same pace. If a constant standard of living is defined to classify everyone below it as poor, then as incomes rise, the proportion of the poor so defined must shrink, eventually to zero. If income grows 5 per cent a year...

The recession is a promising moment to expand NREGA with greater emphasis on building social capital in a big way.  Soon after assuming office, the first UPA government took an impressive step for the alleviation of rural poverty by launching the National Rural Employment Guarantee Scheme. It was, indeed, a wise move to insulate the programme from the vicissitudes of electoral politics by enacting the National Rural Employment Guarantee Act...

The ongoing floods in Andhra Pradesh, Karnataka and Maharasthra have pushed millions of rural folks below the poverty line. The tragedy which is far from over has exposed the anomalies in the system of categorization of BPL families as proposed in the concept note of the Food Security Act. More than 200 people have died and over 2.5 million rendered homeless in AP and Karnataka alone. Almost all farmers in...