U.N. report says this will consolidate the region's economic recovery  Even in crisis, Asia-Pacific still the fastest-growing region Increased social spending directly supports income security for households A United Nations report has called upon governments in the Asia-Pacific region to increase social spending to consolidate the region's stronger than anticipated economic rebound and to spur over the long term a fairer, more balanced, and sustained economic recovery. The Economic and Social Survey of...

Politics runs the risk of being reduced to the art of the passable — it has to be approved by the legislature, by the omniscient television anchors, by sulking editorial writers forced to cede ground to the TV anchors, and, most crucially , by Sonia Gandhi. The food security Bill was drafted for Ms Gandhi’s favour and has been shafted by her displeasure. Food security, hostage, in any case, to...

India’s story in the global gender gap review is a little good news followed by a lot of bad news. The good news first: The 73rd (Panchayat) amendment to the Constitution, passed in 1993, has brought over one million women at the grassroots into the political system. Another shining indicator relates to the female head of government. Sixteen of the last 50 years were occupied by a female in the...

The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...

The impact of global recession will force an additional 64 million people across the world to live in extreme poverty by 2010, warns the World Bank. The economic crisis and recession have substantially increased the challenge of meeting the Millennium Development Goals (MDG) targets, according to the World Development Indicator (WDI) 2010 released by the World Bank on Tuesday. In contrast to the record growth in 2000-07, the global economy grew only...