It is worrying that the Tendulkar method, chosen by the Planning Commission to calculate the poverty line in its latest figures, underestimates the levels of poverty while overestimating poverty reduction. The figures show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05. A poor person has been defined as one who spends R28 per day in urban areas and R22.5...

Historians tell us of the colonial era stories of miserable conditions of workers, even bonded labour, in tea plantations of eastern India. However, the situation improved after independence. In the past few decades the tea industry has made steady profits even in worst years of Economic Downturn. And that is why reports of starvation deaths in tea plantations of Assam are so shocking. An Asian Human Rights Commission (AHRC) report says that...

-The Indian Express   Pranab Mukherjee should use his waking hours to signal bold reforms Until a few years ago no one really thought that governments could go bust. But the deepening sovereign debt crises of Europe have now persuaded us that governments can go bust if their debt levels cross a certain danger mark. What is that danger mark remains a matter of research by economists around the world. Some studies have concluded...

It is getting harder for jobseekers to return to gainful employment and for new entrants to find adequate jobs, says the ILO. THERE is little in the International Labour Organisation's (ILO) annual projection of job growth to cheer about. The year 2012 has been described as a year of stark reality. A third of the global workforce is currently unemployed or poor; that is, 200 million members of the 3.3-billion-strong global...

-AFP The world's young increasingly fear a future without jobs, according to a UN report released Monday which highlighted how the 15-30 age group risks becoming the biggest victims of austerity programs.  The young doubt the education they receive will fully arm them for professional life, said the World Youth Report which questioned about 1,000 people for its study.  "Young people questioned the quality of education they and their peers receive, whether or...