Of Indian households’ total annual income, 0.22 per cent is spent on buying newspapers — that is, if total national household annual income was Rs 100, 22 paise would be set aside for newspapers. Paying off bank loans (expenditure under equated monthly instalments) takes up 1.4 per cent of total household annual income. The share of health expenditure is 1.5 per cent, and that of education expenditure, 3.21 per cent....

The Tendulkar Committee has pitched for a policy position that is stranded between the harsh realities of poverty and a fiscally conservative neo-liberal framework.  The debate on the extent of poverty in India has been a matter of global interest in the recent years. The primary reason for the global interest in the debate is that the levels of poverty in India and China have come to exert significant influence...

The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

Poverty is a multi-dimensional concept. Official statistics in India have always referred, arguably narrowly, to only income poverty (using the proxy measure of consumption expenditure from the NSSO surveys).The Suresh Tendulkar Committee report submitted to the Planning Commission is the latest input to the “Great Indian Poverty Debate”. While the increase in the number of poor households, as suggested by the Tendulkar Committee, may indeed help expand the coverage of...

Reading the lines that Environment Minister Jairam Ramesh delivered in the Rajya Sabha on Tuesday and between them, the message is evident. “We have been successful in defending India’s national interests,” he said. “I didn’t go to Copenhagen with the mandate of saving the world or humanity. My mandate was to defend India’s right to develop at a faster rate. For Western countries, it is an environmental issue but for...