The recession was less calamitous than many feared. Its aftermath will be more dangerous than many expect IT HAS become known as the “Great Recession”, the year in which the global economy suffered its deepest slump since the second world war. But an equally apt name would be the “Great Stabilisation”. For 2009 was extraordinary not just for how output fell, but for how a catastrophe was averted. Twelve months ago,...

It is official now that the poverty in India is much more than earlier estimated. The Suresh Tendulkar Committee report submitted this month (December 09) estimates poverty in India at over 37 per cent (2004-5) and not at 28 per cent as calculated earlier. With recent price rise in food items factored, the current level could be even higher (See the link of the report below). The Government of India had...

The United Nations today launched a pilot project to provide fuel-efficient stoves to some 150,000 women in Sudan and Uganda to cut the risks of murder, rape and other violence they face in gathering firewood, while at the same time protecting the environment. The Safe Access to Firewood and Alternative Energy in Humanitarian Settings (SAFE) stoves initiative organized by the World Food Programme (WFP) and other UN agencies, will be...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

Children are now much higher on the global AIDS (Acquired Immune Deficiency Syndrome) agenda and there is a major shift in commitment, including the Global Fund to Fight AIDS, Tuberculosis and Malaria’s Board, to increase support for Preventing Mother-To-Child Transmission (PMTCT). India has received extended support from the Global Fund for Preventing Parent-To-Child Transmission (PPTCT), according to the Fourth Stocktaking Report, produced by the United Nations International Children’s Emergency Fund,...