-The Hindu Despite India spending over two per cent of GDP in social protection schemes, their returns in terms of poverty reduction are yet to reach full potential, a World Bank report has said, pointing to “high leakages” in PDS and “uneven implementation” of MNREGA across states. The report, the first comprehensive review of India’s social welfare and anti-poverty initiatives, said about 60 per cent of grains released by government under public...

-PTI   Despite India spending over 2% of GDP in social protection schemes, their returns in terms of poverty reduction are yet to reach full potential, a World Bank report has said, pointing to "high leakages" in PDS and "uneven implementation" of MNREGA across states. The report, the first comprehensive review of India's social welfare and anti-poverty initiatives, said about 60% of grains released by government under public distribution system did not reach...

India spends more on programs for the poor than most developing countries, but it has failed to eradicate poverty because of widespread corruption and faulty government administration, the World Bank said Wednesday. “India is not getting the ‘bang for the rupee’ that its significant expenditure would seem to warrant, and the needs of important population groups remain only party addressed,” John D. Blomquist, lead economist at the World Bank, wrote in...

Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...

TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...