It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...

Interview with Joan Mencher, an anthropologist who has worked in India for long on issues such as agriculture, ecology and caste.   JOAN P. MENCHER is a Professor emerita of Anthropology from the City University of New York’s Graduate Centre and Lehman College of the City University of New York. She is the chair of an embryonic not-for-profit organisation, The Second Chance Foundation, which works to support rural grass-roots organisations...

The new joke on Dalal street is that gold prices are soaring, not because of increased demand in the US, India and China, but because Shilpa Shetty has bought half the gold in India for her wedding dress! Jokes apart, the yellow metal has hit headlines recently because of its spectacular rise. Prices have spiked as investors now prefer gold to the weakening US dollar. The US economy has lurched...

When a problem is big and tends to profit a powerful group, there’s a time-honoured temptation to sweep it under the rug by assuming it’s natural and inevitable. This was true of slavery until the abolitionist movement of the 19th century, and of colonialism until the contagion of independence movements in the 20th century. Now these same forces are at work in attitudes toward the global and national realities of...