-Daily News Asia's rapid growth is leaving millions behind, causing a widening gap between rich and poor that threatens to undermine the region's stability, according to a new report from the Asian Development Bank (ADB). "Another 240 million people could have been lifted out of poverty over the past 20 years if inequality had remained stable instead of increasing as it has since the 1990s," said ADB's Chief Economist Changyong Rhee. The Asian...

Difficult times call for difficult measures. Pushed into a corner by an unsustainable fiscal deficit and various sectors and programs (including the proposed food security legislation) screaming for a greater share of the budget pie, the Congress-led United Progressive Alliance (UPA) government in India has been forced to do what it might not have otherwise—reduce its marquee job guarantee scheme’s allocation in a big way for the first time.  In one...

-The Telegraph Dispur is determined to launch a “constructive” television channel, stung by the “adverse” coverage of the recent Ulfa bandh during the Prime Minister’s visit by the local electronic media. Chief minister Tarun Gogoi revealed the government’s intention during an interaction with reporters here this afternoon, explaining how most local TV channels had gone overboard with the bandh coverage on April 20. Incidentally, a day later, on April 21, West Bengal chief...

-AFP The Asian Development Bank (ADB) Monday urged regional governments to tackle rising income inequality with more urgency, warning any delay could undermine social cohesion and economic growth. Rajat Nag, ADB's managing director-general, said failing to address the problem now could spark further dissatisfaction and lead governments to resort to populist measures to appease their citizens. But populist measures like Fuel subsidies and cash grants are taxing on state coffers and could result...

-PTI   The first unit of the Kundankulam nuclear power project is expected to start generating electricity in the next 40 days, Minister of State in the Prime Minister's Office V Narayanasamy said on Monday. He said the Atomic Energy Regulatory Board (AERB) officials were at the Kudankulam project site and inspecting the plant. "The first reactor of 1000 MW will be operational within 40 days from today," Narayanasamy told reporters here. He said the...