-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...

-The Hindustan Times   Do these people look well-off to you? The planning commission puts them above poverty line. Basant Kumar, 51  Shopkeeper  Kusumpur Pahari slum,  Vasant Vihar, Delhi Daily expense: Rs 53   Basant Kumar runs a little shop in a slum in Vasant Vihar, home to over two lakh migrant families. He feeds and clothes his wife and three children on his meagre earnings of Rs5,000 a month. He also works odd-jobs, in construction or with...

The Planning Commission's laughable estimates of the ‘poverty line' follow from a mistake in method that it made 30 years ago and has clung to ever since. The affidavit that the Planning Commission recently submitted before the Supreme Court stating that a person is to be considered ‘poor' only if his or her monthly spending is below Rs.781 (Rs.26 a day) in the rural areas and Rs.965 (Rs.32 a day) in...

The acronym LPG has several expansions. It stands for liquefied petroleum gas. It stands for liberalisation, privatisation and globalisation, a term of abuse used by those with Leftwing persuasions. It stands for life plundered by the government, sentiments associated with those who are against state intervention, but increasingly felt by the so-called middle class - however defined - because of price hikes, and proposed price hikes, for petroleum products. Ostensibly, price...

As leaders from two of the world's largest financial institutions, the World Bank and International Monetary Fund, met for annual meetings here Tuesday, a delegation of activists from India called on the World Bank to follow through with its proposal to dramatically cut funding for coal-burning power stations. Over the next few days, the delegation will travel from Washington to West Virginia where, in the heart of the Appalachian Mountains, activists...