I first met Paul Samuelson in 1962, as a student at MIT. A decade later, I had the pleasure of co-authoring with him a paper on the Theory of Index Numbers (American Economic Review, 1974) and another in the Royal Economic Society’s Economic Journal (1984). I last met him a couple of years back, on a sidewalk in Belmont, Massachussets. He was driving down the street and stopped upon seeing...

The independence of the judiciary and the rule of law will be severely compromised if the integrity of the higher judiciary is not protected by an independent, informed, transparent, fair and robust process.  The former Chief Justice of India, P.B. Gajendragadkar, said: “Wise judges never forget that the best way to sustain the dignity and status of their office is to deserve respect from the public at large by the...

It used to be a quip in the 1970s that estimation of poverty in India is stymied by the poverty of estimation. The other joke was that far too many economists and statisticians had prospered trying to estimate poverty! So, we have yet another estimate of poverty in India. Rural poverty numbers for 2004-05 are up from the earlier estimate of 28.3 per cent to 41.8 per cent — with...

In a new twist to the alleged Rs 5,600-crore scam in giving away contracts for ambulance and Emergency healthcare services to a private party in 10 states, the Centre told the SC that though the funds for the services were from National Rural Health Mission (NRHM), the onus rested with the state governments to ensure transparent bidding process. A PIL had alleged that it smelled a gigantic scam in former...

  A new report by Save the Children, a global child rights organization, says that climate change is the biggest global health threat to children in the 21st century. Titled Feeling the Heat: Child Survival in a Changing Climate (2009), published in advance of the UN Climate Change Conference in Copenhagen in December 2009, the report examines the vulnerabilities regarding climate change and identifies the adaptation measures that can be taken...