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True Progressivism

-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....

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Digital divide widens even as costs drop globally -Aman Sethi

-The Hindu Despite advances, India is 119th in connectivity The digital divide between the most and least developed countries — measured in terms of costs, quality and connectivity — continues to grow, according to data released by the International Telecommunications Union (ITU). Global broadband prices have dropped nearly 75 per cent between 2008 and 2011, yet the poorest countries, particularly in Africa, continue to have the highest connectivity costs in the world. “Today the...

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Nearly 870 million people chronically undernourished, says new UN hunger report

-The United Nations Almost 870 million people, or one in eight, are suffering from chronic malnutrition, according to a new United Nations report released today, which shows a sharp decline in the number of undernourished people over the past two decades, but warns that immediate action is still needed to tackle hunger particularly in developing countries. The State of Food Insecurity in the World 2012 (SOFI), which was jointly published by the Food and...

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US retail giant Walmart to source locally in India-Dipti Jain

-The Times of India GURGAON: US retail giant Walmart is planning a series of partnerships with small and mid-level suppliers in India across product categories to create a big list of private label brands that will be priced substantially lower - as much as 10-15% - than established products and brands. The move is part of the company's strategy to go deeper into the Indian market and create cost-effective and efficient...

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FDI in Retail: A Low-down on the Falsehood over an Exclusionary Policy-Kamal Nayan Kabra

-Mainstream Weekly Intense and motivated propaganda, powerful national and international diplomatic pressure, verging on pure and simple arms-twisting of the kind the Third World has been facing for decades by means of the active role of the econo-mic hit-men in the policy establishments, huge cash-back lobbying, both in India and abroad, blunt attempts to bamboozle the persons holding key positions in India’s policy establishment through a combination of hissing and kissing...

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