The United Nations Development Programme (UNDP) and Oxford University today launched a new index to measure poverty levels which they said give a “multidimensional” picture of people living in hardship, and could help target development resources more effectively. The new measure, the Multidimensional Poverty Index, or MPI, was developed and applied by the Oxford Poverty and Human Development Initiative (OPHI) with UNDP support, the two institutions said in a joint...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

The planned National Food Security Act represents a unique opportunity to achieve gains with respect to the public distribution system. However, the current draft is a non-starter. When I first visited Surguja district in Chhattisgarh nearly 10 years ago, it was one of those areas where the Public Distribution System (PDS) was virtually non-functional. I felt constrained to write, at that time, that “the whole system looks like it has been...

A leading Dutch environment agency reported on Monday that the seminal 2007 UN scientific report on climate change is too generalized and has even more errors than discovered so far -- including one contributed by the agency itself. But the review by the Netherlands Environmental Assessment Agency claimed the errors had no effect on the fundamental conclusion by UN panel of scientists: that global warming caused by humans already is...

The Planning Commission today decided in favour of pumping nearly Rs 14,000 crore into social and physical infrastructure building in some 35 Maoist-hit districts. The plan, formulated at the request of finance minister Pranab Mukherjee, will focus on the National Rural Employment Guarantee Programme, rural roads, health, rural electricity, universal elementary education, child nutrition and health and new residential schools called ashram schools. Later this month, the action plan will be placed...