Angus Deaton, the Princeton economist regarded as world's foremost authority on cross-country income data, has cast serious doubts on the World Bank's last upward revision of global poverty figures and India's statistics are at the centre of the storm. The world became poorer as a result of a combination of India's economic growth and its low poverty line, Deaton, who is president of the American Economic Association, said in his...

Is it the Supreme Court of India, or the Supreme Court for Indians?  The law must be equally open to the humblest, simplest and little member of the community A decentralised system of judicature is a paramount property for democracy to have élan A Supreme Court of India, and a Supreme Court for all Indians: these two versions can be radically different in terms of principle and content. The Preamble to...

Earthquakes were the deadliest natural disasters in the past decade, accounting for 60 per cent of deaths caused by such hazards, a senior United Nations official said today, stressing the importance of investing in disaster risk reduction. UN Special Representative for Disaster Risk Reduction Margareta Wahlström stated that earthquakes remain a serious threat for millions of people worldwide as eight of the most populous cities in the world are built on...

The strongest earthquake to hit Haiti in more than 200 years crushed thousands of structures, from humble shacks to the National Palace and the headquarters of U.N. peacekeepers. Destroyed communications made it impossible to tell the extent of destruction from Tuesday afternoon's 7.0-magnitude tremor or to estimate the number of dead lying among the collapsed buildings in Haiti's capital of about 2 million people. International Red Cross spokesman Paul Conneally told the...

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...