Prime Minister Manmohan Singh today said the economic reforms initiated by him almost two decades ago had reduced the number of poor, though much more was still needed to be done. “There is no evidence that the new economic policies have had an adverse effect on the poor,” Singh said at the annual conference of the Indian Economic Association here today. “The percentage of population below the poverty line has certainly not...

For about a week after the Dubai crisis broke, international financial markets chose to ignore it. Stock-markets climbed, commodity prices rose and the dollar continued to be beaten down. It is not too difficult to explain this initial indifference. For one, the magnitude of the Dubai crisis appeared piffling, at first glance, compared to the “subprime” crisis or the meltdown following “Lehman’s bust”. When global banks had run up losses...

AMIT KUMAR must be one of the few bankers in the world turning away depositors. The manager of a village bank in the Indian state of Rajasthan, he was reluctant to take a cheque for 1m rupees ($21,200) from the elected head of the village, or sarpanch. The cheque was meant to pay hundreds of villagers for their work under India’s National Rural Employment Guarantee Act (NREGA), which guarantees 100...

Academics can have relevance beyond the printed word and Jean Dreze has proved that this is indeed the case. He has deservedly won the Economic Times’ Policy Change Agent of the Year 2009 for his outstanding work in poverty alleviation and rural employment. A development economist, Dreze has taken his academic persuasions to the real world — he not only played a major role in designing the National Rural Employment...

KEY TRENDS   • As per the 2019 Global Hunger Index report, neighbouring countries such as China (GHI score: 6.5; GHI rank: 25), Sri Lanka (GHI score: 17.1; GHI rank: 66), Myanmar (GHI score: 19.8; GHI rank: 69), Nepal (GHI score: 20.8; GHI rank: 73), Bangladesh (GHI score: 25.8; GHI rank: 88) and Pakistan (GHI score: 28.5; GHI rank: 94) have outperformed India (GHI score: 30.3; GHI rank: 102) *13    • As per the 2018 Global Hunger Index report,...