-IPSNews.net UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations. The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.   Deaton’s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household...

-The Hindu Business Line Crop insurance will make farming a safer vocation The plight of Punjab’s cotton farmers after a swarm of ‘whiteflies’ ravaged their crop is truly disquieting. In a knee-jerk response, Punjab has promised ₹640 crore for over two-third of the crop being destroyed, but on what basis, it is hard to tell. This highlights the absence of crop insurance in Punjab, as pointed out by a recent Crisil study....

-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population – a huge market for all kinds of goods – are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...

The Skill India Mission was launched by the Prime Minister Shri Narendra Modi on 15 July, 2015 with much fanfare. However, a new report from the Ministry of Statistics and Programme Implementation (MoSPI) informs us that among persons aged 15 years and above, only 2.4 percent had technical degrees, diplomas or certificates in 2011-12. Based on the 68th round of National Sample Survey (NSS), the report says that the proportion...

-The Hindu Tuticorin (Tamil Nadu): Now, drug stores selling medicines have slashed prices following the establishment of Amma Pharmacy. To cater to the needy, medicines were being sold through these State-owned pharmacies at special discounts from 20 to 35 percent, Collector M. Ravikumar said in a statement on Saturday. These pharmacies were functioning at three locations in Tuticorin and Kayathar to benefit the poor and the middle income group people. Medicines to the...