The Centre, for the first time, has undertaken a nation-wide survey of slums to profile urban household poverty and the nature of jobs held by those living on society's fringes. The survey will profile slum-dwellers by caste and religion "for properly allocating development schemes, policy-making, project formulation and implementation, and monitoring", according to an official at the Union ministry of housing and urban poverty alleviation (Hupa). The survey, being conducted under Hupa,...

India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...

Crop scientist and Nobel Peace Prize winner Norman Borlaug, an enduring icon for the war on hunger who had helped steer India away from recurrent famines towards self-sufficiency in food, died on Saturday. Borlaug, whose research to improve wheat varieties, initiated in Mexico in 1945, led to the Green Revolution and helped save millions of people from starvation worldwide, died from cancer complications in Texas. He was 95. M.S. Swaminathan,...

The private sector uses bribes to influence public policy, laws and regulations, believe over half of those polled for 2009 Global Corruption Barometer. The Barometer, a global public opinion survey released today by Transparency International (TI), also found that half of respondents expressed a willingness to pay a premium to buy from corruption-free companies. “These results show a public sobered by a financial crisis precipitated by weak regulations and a...

The concepts of multiplier and accelerator borrowed from macroeconomic theory illuminate the enormous potential of NREGA and help set standards that it must be judged by.  Over the last few months, just as the economy entered its current recessionary phase, the mainstream media, which till then had been uniformly unswerving in their antipathy to NREGA (National Rural Employment Guarantee Act), suddenly began to sing its praises. In all the gloom...