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India bright spot in global economy; caste bias a concern: World Bank

-PTI GANDHINAGAR (Gujarat): World Bank on Sunday said India can grow at 6.4 per cent in 2015 and accelerate further next year, but cautioned that an enduring "bias" on the basis of caste and other factors can impede prosperity. The government, however, is well aware of this issue and the World Bank sees India as "a bright spot in an otherwise mediocre global economic outlook," the multilateral lending agency's president Jim Yong...

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City must be equitable, not smart -Medha Patkar

-The Indian Express Just a few years ago, the World Bank in its World Development Report claimed that migration from rural India to urban centres is "natural" and the same should not be interrupted or prevented through schemes like the MGNREGA. This was a shocking statement to all those who know why there is huge and ever-growing migration to cities, not only of the labour class but also of farmers and small...

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Universal healthcare: the affordable dream -Amartya Sen

-The Guardian Universal healthcare is often presented as an idealistic goal that remains out of reach for all but the richest nations. That's not the case, writes Amartya Sen. Look at what has been achieved in Rwanda, Thailand and Bangladesh Twenty-five hundred years ago, the young Gautama Buddha left his princely home, in the foothills of the Himalayas, in a state of agitation and agony. What was he so distressed about?...

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Rural wage growth lowest in 10 years, signals farm distress, falling inflation -Harish Damodaran & Surabhi

-The Indian Express Rural wages in India have registered an average annual growth of 3.8 per cent in November, the lowest since July 2005, according to Labour Bureau data. The 3.8 per cent year-on-year increase is a significant drop relative to the two-digit growth rates prevailing until June, and the peak 20 per cent-plus levels of 2011 (see graph). "The numbers confirm the findings in our mid-year economic analysis that inflation is...

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Govt's land law revives lost order of sarkar raj -Nitin Sethi

-Business Standard The ordinance has returned near absolute power of discretion in land acquisition, except in tribal areas, into the hands of the bureaucracy yet again Even after the National Democratic Alliance's land ordinance, governments will still need the consent of tribal gram sabhas in all Schedule V and VI areas of the country before acquiring land for themselves or for public-private projects. While the land ordinance has done away with the need...

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