-The Hindustan Times India's fabled growth story has just been exposed by an unlikely source - the World Bank (WB). Unlikely, because this institution is one of those most responsible for advocating economic growth as the pillar of development. In a report released on July 17, the WB states that the cost of environmental damage amounts to 5.7% of India's Gross Domestic Product (GDP). This effectively means (though the report fights shy of...

-The Economic Times NEW DELHI: India is preparing to give mobile phones to each female member of a household, who has worked for 100 days in 2012 under a rural employment guarantee scheme run by the government, as per an internal presentation of the telecom department. If implemented, this would be the latest sop the government is planning to woo a population ahead of a slew of state polls leading up to...

-Outlook The anti-poverty programme politics dictate that the number of poor are kept low.   I don't think the Planning Commission's poverty numbers are credible for several reasons: growth has decelerated; NREGA hasn't been as successful in targeting the poor as generally asserted; nor has the PDS benefited the poor significantly. The first phase of the UPA saw some macroeconomic reforms but not the second phase. Also, the poverty lines worked out...

-The Hindu     The Planning Commission's spurious method shows a decline in poverty because it has continuously lowered the measuring standard The Planning Commission has once again embarrassed us with its claims of decline in poverty by 2011-12 to grossly unrealistic levels of 13.7 per cent of population in urban areas and 25.7 per cent in rural areas, using monthly poverty lines of Rs. 1000 and Rs. 816 respectively, or Rs. 33.3 and...

-The Hindustan Times What does it mean to be poor across the world? It means different things in different countries depending on the definition of the poverty line-an income threshold below which families are considered poor. In most of Europe, a family with a net income of less than 60% of the "median net disposable income" - a broad measure of the national average income net of taxes income - is counted...