When it comes to increasing Wealth, legislative experience, it turns out, beats the best investment planning hollow. An analysis of the assets of re-contesting legislators certainly suggests that – with the growth in their assets being more than what investing in gold, mutual funds or fixed deposits would yield. According to analysis of affidavits done by the Association for Democratic Reforms and National Election Watch, the percentage rise in assets of...

If the problems are macro, think micro. That seems to have been the guiding principle for Lekha-Mendha, the Maharashtra village that last month became the first in India to win the right to grow, harvest and sell bamboo. Such rights are the key goal of a five-year-old central law which aims to give tribal communities control over some resources of the jungles they live in. “There is no point in looking out...

Attempts by the Indian government to combat poverty are not working, according to the World Bank. The governing coalition spends billions of dollars - more than 2% of its gross domestic product - on helping the poor. But a new World Bank report says aid programmes are beset by corruption, bad administration and under-payments. As an example, the report cites grain: only 40% of grain handed out for the poor reaches its intended...

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...

Progress has been made on key MDG health targets, but non-infectious diseases have spread to developing countries The world is experiencing a change in the geographic distribution of diseases. Traditionally, infectious diseases, which claim the lives of so many children, have affected poor countries and non-communicable diseases, such as diabetes, cardiac ailments and cancer, have plagued rich countries. But the latest statistics released by the World Health Organisation (WHO) on Friday show...