-Hard News Media Despite the high economic growth, India has the highest proportion of malnourished children in the world. Nobel laureate Amartya Sen, Montek Singh Ahluwalia and others gathered at IIT Delhi to discuss the Food Security Bill The jam packed Dogra auditorium of IIT Delhi was a testimony to Nobel laureate Amartya Sen’s popularity amongst students, teachers, activists, economists, among others who had congregated to hear him talk on the...
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Dismal economic data adds to government’s woes
-The Times of India There was no let up in bad news for the government on the economic front. Amid the debate over slowing economic growth, data released by the Central Statistics Office (CSO) on Tuesday showed industrial output fell 0.6% in December, posing fresh policy challenges. This is the second successive month of decline for factory growth which has remained anaemic due to a string of factors including high interest rates,...
More »Jobless growth back to haunt UPA-Anil Padmanabhan
-Live Mint The policy planners should be revisiting the fundamentals of the growth strategy India published a news story quoting from a research paper published by the Institute of Applied Manpower Research (IAMR) on the vexing issue of employment generation in the Indian economy. Referring to the compelling phase of unprecedented growth (when the average increase was 9%) in the latter half of the last decade, the IAMR study said, “Employment in...
More »China pledges to narrow income gap
-Al Jazeera Widening wealth gap in Beijing has stoked concerns over its impact on political and social stability. The Chinese government has issued a pledge to narrow the widening income gap between rich and poor, which includes raising its minimum wage and requiring state companies to turn over more profits to pay for social programmes. The pledge on Tuesday promised more spending on health, education and job training but gave few details and...
More »IMF forecasts 4.5% growth for India; to lose second fastest-growing economy tag
-The Economic Times India looks all set to cede the moniker of the world's second fastest growing major economy for 2012, a fall from glory for a country that was spoken in the same breath as China for much of the previous decade and even nursed ambitions of upstaging its larger neighbour. The latest global economic growth forecasts from the International Monetary Fund (IMF) have India growing at 4.5% in 2012 (at...
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