-The Business Standard Inflationary figures could also desist RBI from easing its monetary stance to perk up economic growth The retail price index-based Inflation jumped to an all-time high of 11.24%, driven by high vegetable prices, official data showed today. The Inflation stood at 10.09% in October, entering double digits for the first time in six months. The surging prices of essential commodities were an important issue in the...

-Live Mint The national food security law is in trouble from an unlikely source The outcome of the World Trade Organization (WTO) summit at Bali has been projected as a great victory for the Indian government by its spokespersons. Nothing could be farther from the truth. In exchange for a temporary reprieve on its food support programme, India has bartered away the bargaining chip of trade facilitation, which Western negotiators demanded. The...

-Frontline In a situation of increasing life expectancy and crumbling traditional support structures, a universal social pension scheme that does not rely on contribution by a person or an employer can help the elderly. INDIA prides itself on being a "young" society, likely to benefit from a demographic dividend as children and young people move into working age groups over the next decade. This optimistic view assumes that society will be able...

-PTI Allaying fears of a spurt in public expenditure ahead of Lok Sabha polls, finance minister P Chidambaram on Wednesday said government will not compromise on fiscal discipline, notwithstanding the defeat of Congress in four states, including Delhi and Rajasthan. Inaugurating the Delhi Economic Conclave, Chidambaram blamed the states for "inaction" to check hoarding and said the incumbent government pays a price for high Inflation. "The agenda, therefore, will be obvious. At the...

-The Hindu We rarely ask the poor what poverty means to them and what changes in lifestyle would make them poverty-free The idea that poverty is determined, defined and measured by a group of people mostly unaffected by it is an intriguing one. Numerous definitions and studies globally tell us what poverty is, how it is measured - extreme and the moderate (there are categories!). Though surprisingly, none of these definitions has...