-Rediff.com   Mankind is draining the earth's resources so quickly that the globe would be bled dry before the end of the century at this rate, a new report has revealed. According to the 2012 World Wildlife Fund's 'Living Planet Report' released this month, humans are living outside their means, depleting natural resources like forests, air and water 50 per cent faster than the planet can renew. If the trends aren't reversed, by...

A universal pension scheme for social protection must be part of a broader strategy of economic expansion different from the present neoliberal order. INDIA must be one of the worst countries in the world in terms of not providing even minimal social security for most of its people. This is not just a major failure of the development project in the country – it is also a significant cause of...

If inflation has broken the back of the aam aadmi, the biggest contributor to the pain in the UPA's term is food prices. Government data on wholesale price index (WPI) shows that there has been a 63% increase in the price of all commodities between April 2004, a month before UPA took charge, and April 2012, the latest period for which data is available. But when it comes to food products,...

-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...

The government has taken exception to the `biases' in the United NationsDevelopment Programme's (UNDP) Asia Pacific Human Development report, titled, One Planet, which was released on Thursday. UNDP, required to play a neutral role in international governance, has recommended that India and other countries in the Asia Pacific region take greater responsibility to reduce emissions and warned that 'inclusive growth' would increase emissions, a trade-off that India cannot afford. Pointing...