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Developing countries set to account for nearly 60% of world GDP by 2030, according to new estimates

The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...

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Providing low-cost healthcare to villages by Anupama Chandrasekaran

That hospital births curb mother and child deaths is probably a no brainer. Convincing expectant mothers to get admitted to a hospital is only part of the problem in India’s rural healthcare system. The other challenge is abysmal infrastructure: There is just one hospital bed for every 10,000 Indians living in villages and one in 10 primary health centres in rural areas stumble along without doctors. The result is a human tragedy....

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UNDP hails MNREGS

The latest report on the progress of millennium development goals (MDG) by the United Nations has said that robust social protection and employment schemes such as India's Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) reduce poverty and reverse inequality. In its report, ‘What Will it Take to Achieve Millennium Development Goals,' the United Nations Development Programme (UNDP) has said the MNREGS is known for improving livelihoods through legal guarantee of...

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Wage ceiling sours farmer, labour ties by Neel Kamal

The shortage of migrant labour for paddy transplantation in Punjab has started telling on the symbiotic relationship between farmers and labourers, with the money factor apparently driving a wedge between them. The strain in relations came to the fore in Herike village on Sunday when the farming class announced a social boycott of labourers for seeking enhanced rates for trasplanting paddy. Though the village sarpanch admitted that he had asked...

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Cabinet to consider hike in MSP of rice, wheat by Rajeev Deshpande

In a move expected to boost rural incomes but which will also impact retail prices, the government is set to raise minimum support price for the kharif season's rice crop from Rs 950 to Rs 1,050 a quintal while MSP for pulses is set to jump by between Rs 400-500. The rise in procurement price of pulses is seen as a significant bid to encourage cultivation of foodgrains that are...

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