-The Financial Express World Bank's latest data suggests realisation of millenium development goals may not be far off. Reduction of poverty and hence, how it is measured, has long been a contentious political economy issue in India. There is general discomfort every time the headcount ratio of the number of poor, based upon an accepted methodology recommended by an expert committee, declines; this then triggers a process to revisit known issues by...
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Undervalued riches of top 1% point to greater global inequality -Jeanna Smialek
-Live Mint Research shows the wealth of the super-affluent-hidden by tax shelters and non-response to questionnaires-is undercounted Washington: The 1% is literally rich beyond measure, depriving nations of billions in tax revenue and obscuring shifts in global inequality. Research conducted separately by European Central Bank (ECB) economist Philip Vermeulen and the London School of Economics' Gabriel Zucman shows the wealth of the super-affluent-hidden by tax shelters and non-response to questionnaires-is under-counted. Correcting...
More »The need to measure poverty -C Rangarajan
-The Hindu Policymakers must continue to follow the twofold strategy of letting the economy grow fast and attacking poverty directly through poverty alleviation programmes In June 2012, the government of India appointed a committee to take a new look at the methodology for measuring poverty. The committee submitted its report towards the end of June 2014. The purpose of this article is to briefly explain the approach taken by this committee. Growth is...
More »Food for thought: No roadmap for cold chains in this budget -Kunal Bose
-The Hindustan Times Wastage of all kinds of food during farm-to-fork journey and also because of mindless indulgences by people with dispensable income whenever they visit supermarkets remains a global curse. It is known that over one-third of India's fruit and vegetables valued at over Rs. 13,000 crore is wasted annually in the absence of adequate refrigerated storage infrastructure and logistics deficiencies. The other villain is the anachronistic distribution system, favouring middlemen...
More »Rural votes, old traumas drive India's WTO brinkmanship
-Reuters NEW DELHI: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to seize a historic chance to build a rural power base with his defence of farm subsidies and to banish memories...
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