Inflation declined marginally to a 10-month low of 8.58% in October, prompting policymakers to proclaim victory in their effort to cool prices, but economists remained sceptical saying the fight is far from over. The decline was mainly due a fall in food inflation to 14.13% from 15.71% in September and the base effect, or higher inflation of last year, data released on Monday showed. Finance Minister Pranab Mukherjee said the full impact...
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UN: 'Significant progress' in human development by David Loyn
Launched 20 years ago with the simple line that "people are the real wealth of a nation", the United Nations' Human Development Report has become the most trusted annual indicator of progress in developing nations. The 20th anniversary report charts progress going back 20 years before that first publication - so it is an ambitious attempt to chart development achievements - or not - going back 40 years. The UN Development Programme's...
More »Human Development Report Shows Great Gains, and Some Slides by Neil MacFarquhar
The world has made significant progress in income, education and health over the past 40 years, but the gains have been uneven and in some places war and the ravages of AIDS shortened life spans, according to a United Nations report on Thursday. Over all, average life expectancy around the globe jumped to 70 years in 2010, up from 59 in 1970. School enrollment through high school reached 70 percent...
More »Bina Agarwal, director and professor of economics, Institute of Economic Growth interviewed by Pamela Philipose
Bina Agarwal , director and professor of economics, Institute of Economic Growth, has written a pioneering new book, Gender and Green Governance, that explores a central question: If women had adequate representation in forestry institutions, would it make a difference to them, their communities and forests as a national resource? Pamela Philipose spoke to Agarwal: Why has access to forests been such a conflict-ridden issue? This is not surprising. Forests constitute not...
More »New CPI to be based on state stats by Rishi Shah
The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention. Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These...
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