-IPSNews.net UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations. The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.   Deaton’s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household...

-The Indian Express The central message of Angus Deaton’s work: Becoming richer is not necessarily the same thing as becoming better-off. In the preface to his magisterial 2013 book The Great Escape, Angus Deaton thanks his teachers. “Richard Stone was perhaps my most profound influence,” Deaton writes, “from him I learned about measurement — how little we can say without it and how important it is to get it right.” Important, indeed....

-Livemint.com/PTI According to a World Bank report, the number of people living in extreme poverty around the world is likely to fall to under 10% of the global population in 2015 Washington: India accounted for the largest number of poor people in any country in 2012, but its poverty rate was lowest among countries having large number of poor population, a latest World Bank report has said. According to the report,...

The Skill India Mission was launched by the Prime Minister Shri Narendra Modi on 15 July, 2015 with much fanfare. However, a new report from the Ministry of Statistics and Programme Implementation (MoSPI) informs us that among persons aged 15 years and above, only 2.4 percent had technical degrees, diplomas or certificates in 2011-12. Based on the 68th round of National Sample Survey (NSS), the report says that the proportion...

-The Times of India NEW DELHI: Studying mathematics scores of the same set of kids in multiple rounds of tests, a researcher has concluded that kids learn better in their mother-tongue. Kids attending Telugu medium schools - data was gathered in Andhra Pradesh - "on average perform significantly better as compared to English medium students" once factors such as native ability, household characteristics and "parental aspirations" are considered and "controlled for." P...