As states get together to launch security operations, official data from the first-ever study done of the country’s 33 districts hardest hit by Naxalites, shows an abysmal record of government expenditure on basic amenities, including health, education, roads, electricity and child care. In fact, the evidence couldn’t be more stark: the expenditure in a state’s Naxal-affected districts is merely a fraction of the figure for the rest of the state...

The aftershock of the global financial crisis threatens to deprive millions of children in the world’s poorest countries of an education, the 2010 Education for All Global Monitoring Report warns. With 72 million children still out of school, a combination of slower economic growth, rising poverty and budget pressures could erode the gains of the past decade. “While rich countries nurture their economic recovery, many poor countries face the imminent prospect...

Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

There are now one billion hungry people on the globe, United Nations Secretary General Ban Ki-moon said recently. A statistic that is shameful and shocking at the same time. The global financial crisis too has led to a dramatic rise in hunger across the world. Ban warned that the food crisis is a wake-up call for tomorrow since by 2050 the planet's population will be 9.1 billion people, over two billion more...

Global economic and financial crisis (2007-2008) coupled with food and fuel crises (2006-2008) has pushed the number of undernourished in the world to 1.02 billion during 2009, This has happened despite international food commodity prices declining from their earlier peaks, finds a newly released report of the UN’s Food and Agriculture Organisation (FAO, www.fao.org) titled: The State of Food Insecurity in the World Report 2009: Economic Crises-Impacts and Lessons Learnt....