One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...

-The Deccan Herald   Survey says the poor formed 18.5 pc of the population in 2009-10 Poverty in the State continues to be highest among the southern states. As per the Economic Survey report released by the Department of Planning, Programme Monitoring and Statistics on Tuesday, poverty is still a major cause for concern for Karnataka. As in 2009-10, Karnataka has 10.87 million (1.087 crore) poor people (18.5 pc). Andhra Pradesh has recorded 9.3 pc poor,...

-The Telegraph On Monday mornings, the white ambassadors with red beacons go missing from the premises of the municipality in Visakhapatnam. Instead, a queue of bicycles adorns the parking ground in front of the office. Commissioner B. Ramanjaneyalu and his senior officials may be entitled to government cars but on the week’s first working day, they have to leave the comfort of their cars behind and compulsorily bike to office. It’s all part...

India's decision this month to produce Germany-based multinational Bayer's anti-cancer drug Nexavar, in the first use of "compulsory licensing" in South Asia, will save lives but also raises intricate questions. Under the compulsory licensing process, a government can under World Trade Organization (WTO) rules bypass a patent owner's rights after three years and order the manufacture and sale of life-saving medicines at much cheaper cost than by obtaining the medicine from...

-CNN-IBN The Planning Commission's latest report on poverty rates declining has raised a storm in Parliament. The Bharatiya Janata Party (BJP) has demanded a reply from the government in the Rajya Sabha on the latest numbers. The Planning Commission on Monday said that the poverty in India has come down in the country during the 2009-2010 period. According to its latest report, the Commission said more than 8 per cent of India...