'Economic growth will need massive energy. Will we allow an accident in Japan, in a 40-year-old reactor at Fukushima, arising out of extreme natural stresses, to derail our dreams to be an economically developed nation?' Every single atom in the universe carries an unimaginably powerful battery within its heart, called the nucleus. This form of energy, often called Type-1 fuel, is hundreds of thousands, if not millions, of times more powerful...
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India's official poverty line doesn't measure up by Jayati Ghosh
It is time to separate people's real needs from the arbitrary assessments of poverty that have guided Indian governments India's poverty line has always been a matter of huge debate, but it was a discussion mostly confined to economists and policymakers. But the matter has now gone public, following a row about an affidavit from the planning commission to the supreme court of India, in which the official poverty line was...
More »Not BPL but Basic Income by Meghnad Desai
The fracas over R32 per day was amusing and sad. Obviously, none of the journalists and politicians had known that the level used to be even lower in previous years. In 2004-05, the level was R552 per person per month for an urban person and R363 for rural. So, that is about R17.5 (R12) per day. The stylised anger only revealed that India’s elite may protest about poverty but they...
More »Women Losing Ground in Economic, Political Equality by Sandra Siagian
While gender equality ratios have improved in 85 percent of countries over the past six years, economic participation and political empowerment for women has failed to match the steady progress of health and education, says a new report by the World Economic Forum. The report, "Global Gender Gap", compiled by Ricardo Hausmann from Harvard University, Laura Tyson from University of California, Berkeley and Saadia Zahidi from the World Economic Forum, illustrates...
More »India is the most likely place for the seventh billionth child to be born by Jason Burke
There are serious concerns over shortages of food and housing as the country's population is expected to reach 1.45bn by 2035 The Madanpur Khadr colony is a tenement slum on the southern outskirts of Delhi, the Indian capital. A decade ago there was nothing here but green fields, buffaloes wallowing, goats grazing and the odd small dwelling. Now an estimated 40,000 people live in ramshackle, five-storey, brick and concrete homes, 10 to...
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