-The Business Standard     Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...

-The Business Standard   International organisations recognise the impending shortage of potable water but their approach is entirely wrong During this year's gathering in Davos, the World Economic Forum released its ninth annual Global Risks report, which relies on a survey of more than 700 business leaders, government officials and non-profit actors to identify the world's most serious risks in the next decade. Perhaps most remarkably, four of the 10 threats listed this...

-Economic and Political Weekly This article challenges the prevailing view that the diminished electoral prospects of the United Progressive Alliance government is the result of neglecting growth to launch populist welfare schemes. It looks at a wide range of economic indicators to argue that compared to the National Democratic Alliance regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital infl ows,...

-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

It seems that a long-drawn-out battle among economists about economic growth trickling down into development has found some solid answer. A recent paper published in the Lancet Global Health journal (April, 2014), which has been jointly written by a team of experts based on evidence from 121 Demographic and Health Surveys from 36 low-income and middle-income countries shows that there exists little or no association between increases in per capita...