Most of us don’t even get a single shot at making history — Manmohan Singh has a second chance The fiscal deficit is an outcome, not a policy. It is the net resolution of the policies pertaining to taxes and expenditure. It is worth analysing separately the two components of the deficit. The table reports the results of relating the tax and expenditure share of GDP to per capita income for...

The latest round of data on the 2011 Census shows that the country is exhibiting distinct signs of trading up as material living conditions improve for large sections of the population. Although this aggregate picture is not uniform across the country, analysts believe that the upward material mobility in society is creating the basis of a new consumer boom in the economy—serving up a perfect backdrop ahead of the presentation of...

Census sheds new light on changing nation Though half of all Indians do not have a toilet at home, well over half own a telephone, new Census data released on Tuesday show. These and many other contrasting facts of life have come out in Census 2011. The data on housing, household amenities and assets cast new light on a country in the throes of a complex transition, where millions have access to...

Rural development minister Jairam Ramesh wants to sidestep categories proposed under the food security law to make sure that the welfare impact of the legislation isn’t nullified because a count that’s central to it hasn’t been completed across large parts of the nation. Ramesh wants 25kg of foodgrain given every month to 75% of the rural poor and 50% of the urban poor at subsidized rates. The National Food Security Bill, which...

Bhutan, Nepal and Bangladesh fare better India is now ranked among the 50 nations with highest under-five child mortality rate. It has been placed at number 46 in the list of 193 countries. India’s neighbours Bhutan, Nepal and Bangladesh protect their newborns much better and rank 52, 59 and 61 respectively, according to Unicef’s latest ranking. The report—State of the world’s children 2012: children in an urban world— was released on...