The professional divide on Tendulkar's estimation goes a long way back A committee is being set up to devise yet another methodology to estimate poverty in India. The step has led to some unhappiness among economists and experts that it amounts to junking the services and competence of an expert like the late Suresh Tendulkar, whose study is sought to be replaced. Under pressure from all sides over its estimate of people...

In a move that could end a face-off within the government on the proposed food security Bill, the food ministry has decided to make everyone, except the so-called creamy layer, eligible for receiving state-subsidized foodgrains. Those who can afford to pay market prices will be kept out of the intended list of beneficiaries through the introduction of the exclusion criteria in the Bill, which will also seek to allocate foodgrains on...

-PTI India has become the fourth largest economy in the world because of strong economic growth but still has a low per capita income, the Economic Survey for 2011-12 said Thursday. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its global ranking in terms of per capita income. Yet, the fact remains that its per capita income continues to be quite low,” it...

The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...

The government’s recent actions in notifying the Intermediary Guidelines for the internet with minimal public debate have resulted in the creation of a legal system that raises as many problems as it solves. The regulations as presently notified are arguably unconstitutional, arbitrary and vague and could pose a serious problem to the business of various intermediaries in the country (not to mention hampering internet penetration in the country) and also...