One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...

India's decision this month to produce Germany-based multinational Bayer's anti-cancer drug Nexavar, in the first use of "compulsory licensing" in South Asia, will save lives but also raises intricate questions. Under the compulsory licensing process, a government can under World Trade Organization (WTO) rules bypass a patent owner's rights after three years and order the manufacture and sale of life-saving medicines at much cheaper cost than by obtaining the medicine from...

At a time when economic wisdom is seen as lying in allowing unrestrained play of economic power and cutting social sector spending, here is a report emphasising the economic sense in addressing hunger, especially child malnutrition. It also brings out the positive impact of employment guarantee scheme, which has been a thrust area of the UPA government but has seen a cut in allocation in Budget proposals for 2012-13. The report...

The school education department is likely to reimburse Rs 2,607 per child to the private schools of the state for admitting the BPL (below poverty line) children under the Right to Education (RTE) Act. Orders in this regard are expected to be released soon, school education department sources informed.  The RTE Act came into effect in the state on March 26, 2011. In the last session almost 1.5 lakh students were...

In India's western state of Maharashtra, a project supported by Japan International Cooperation Agency is yielding better incomes for farmers and has lured the migrants back to their native villages. PROJECT: RURAL DEVELOPMENT FOR POVERTY REDUCTION PERIOD: 2008-2011 Vishwanath Gangaram Malpote, 28, is in the midst of a robust harvest. As he weeds his rice field, one cannot but help admire his meticulous effort to pluck off the small undergrowth from the standing...