-The Indian Express New NSS data affirms that GDP growth remains the best way to tackle poverty Amid the pervasive economic gloom, provisional data from the 68th round of the National Sample Survey Office’s just-concluded household consumer expenditure survey offers a sliver of good news. According to it, average inflation-adjusted expenditure for July 2011-June 2012 rose by about 4.5 per cent in two years, with the poorest 10 per cent of the...

-The Times of India More than 30 billion apps were downloaded in 2011 and three-quarters of the world's inhabitants now have access to a mobile phone. India has 70 mobile subscriptions per 100 people, a new report from the World Bank says. "Mobile communication has arguably had a bigger impact on humankind in a shorter period of time than any other invention in human history," the "Information and Communications for Development 2012: Maximizing...

-The Economic Times, The Cabinet has cleared a proposed Bill empowering the Reserve Bank of India (RBI) to regulate all microfinance institutions (MFIs). A central legislation makes sense only to the extent that it over-rides draconian state-level laws. However, the Bill suffers from many infirmities. And it is unfortunate that these have been overlooked. The law, if enacted, is likely to kill small MFIs and hurt the sector that is struggling...

Over 2000 impoverished Burmese asylum-seekers from across India, camping on the streets of Delhi pleading for refugee status were dealt a double whammy. On Tuesday afternoon, even as a delegation of Burmese met UN officials to sort out their problems, they were forced out of their temporary shelter in Vasant Kunj by police, dumped into buses and rickshaws and told to find their way home. To make matters worse, their...

-The Economist UNDER a thatched roof, lit by a full, yellow moon, Shiv Kumari explains how she and her five children survive. She is a widow, 30 years old, living in a home made of packed mud. She works the nearby fields, draws a small pension, some food rations and gets a few days of paid labour each month from a rural make-work scheme. Semra village, made up of 70 households, most...