-The Times of India Sixty-six years after independence, India has the dubious distinction of being home to half the number of modern day slaves in the world. The first Global Slavery Index has estimated that 13.3 to 14.7 million people live like slaves in the country - roughly equal to the population of Kolkata. The index, published by the Australia-based Walk Free Foundation, ranked 162 countries based on three factors that include...
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Indian economy destroyed by mindless consumption -Bharat Jhunjhunwala
-The Hindustan Times In his Independence Day address, Prime Minister Manmohan Singh said the rupee is down because of the global economic crisis. A look at the events of the last decade reveals otherwise. When the global economy was doing well between 2002 and 2008, the rupee was stable at about Rs. 45 to a dollar. When the global crisis erupted in 2008 and continued until 2012, the rupee held stable...
More »Economists on the Wrong Foot: a critique of Jagdish Bhagwati and Amartya Sen-Ashish Kothari and Aseem Shrivastava
-IndiaResists.com The ongoing debate between two stalwart economists, Amartya Sen and Jagdish Bhagwati, must be joined by those who understand contemporary realities and challenges in terms altogether different from those of mainstream economists. In a recent (July 27) article in Times of India, Bhagwati's co-author Arvind Panagariya characterizes the differences between the two in the following terms. Sen favours education and health measures as being the first steps to tackle poverty...
More »Post-2015 development agenda must focus on equality–UN experts
-The United Nations United Nations independent experts today called on countries to ensure the post-2015 development agenda focuses on equality, social protection and accountability, noting that one billion people around the world are still living in poverty. "The rise of inequality has severely undermined the achievements of the Millennium Development Goals, or MDGs," the independent experts said in their message to Member States which will meet this week in New York to...
More »Growth falters as UPA completes 4-years in office -Surojit Gupta
-The Times of India NEW DELHI: The second tenure of the UPA coalition has witnessed a sharp slowdown in growth, stubborn prices, high interest rates and faltering business confidence. While there are some tentative signs of a revival on the horizon, the Indian economy is still not out of the woods and experts say sustained policy and governance reforms are needed to lift Asia's third-largest economy back to its potential growth rate...
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