Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the Asian Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...
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World Bank to Provide USD 900 Mn to Flood-Hit Pak by Lalit K Jha
The World Bank has agreed to provide USD 900 million financial aid to Pakistan which has been hit by devastating floods affecting 14 million people and leading to crop loss estimated at USD 1 billion. "The Government of Pakistan has requested around USD 900 million of financial support from the World Bank, which we have committed to provide," the World Bank said in statement. The current floods have claimed over 1700 lives...
More »The right side of the food security debate by YK Alagh
There is an interesting debate on food security and we should get the Planning Commission’s perspective on this. But as I write this, the Planning Commission Web site still does not have the mid-term appraisal, so Yojana Bhavan must still be polishing it. This column has, over time, taken the position that the food security programme is really important and a country growing as fast as India simply cannot ignore...
More »More agricultural investment vital to combat hunger in Asia-Pacific, says UN official
The Asia-Pacific region – home to two-thirds of the world’s one billion malnourished people – must see growth in agricultural investment to tackle the hunger challenge, a senior United Nations official stressed today. The number of hungry people in Asia and the Pacific climbed by more than 60 million in 2009 to 642 million, Jacques Diouf, Director-General of the UN Food and Agriculture Organization (FAO), said in a video message...
More »Global meltdown wipes out Asia's gains by Prime Sarmiento
The global economic crisis has wiped out developing Asia's recent gains in poverty eradication as the meltdown is expected to have driven 21 million more people in the region into poverty. A joint report by the United Nations and the Asian Development Bank shows that the global economic slowdown has slackened trade, slashed export and tourism receipts and raised unemployment levels. This makes it difficult for the region to achieve its...
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