The historic city of Bhagalpur in Bihar, often in the news for the wrong reasons, figured in the Lok Sabha on Thursday when Bharatiya Janata Party member Shahnawaz Hussain sought to draw the government's attention to the pitiable condition of weavers there. “The jacket you are wearing is made of Bhagalpur silk,” he told Deputy Speaker Karia Munda, who was in the Chair, even as he pointed towards Leader of the...
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No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan
It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...
More »Hunger: India worse off than Zimbabwe!
There are now one billion hungry people on the globe, United Nations Secretary General Ban Ki-moon said recently. A statistic that is shameful and shocking at the same time. The global financial crisis too has led to a dramatic rise in hunger across the world. Ban warned that the food crisis is a wake-up call for tomorrow since by 2050 the planet's population will be 9.1 billion people, over two billion more...
More »Don’t uncork the bubbly yet! by Paranjoy Guha Thakurta
That the economies of Asia, in particular China, India and Australia, are responsible for whatever growth is currently taking place on the planet is now acknowledged and underlined by the West as well as by multilateral financial agencies like the International Monetary Fund (IMF) and the World Bank. The 3.5 per cent growth in the American economy in the July-September quarter has enthused many into believing that the worst of...
More »Use Doha Round to Correct Past Mistakes of the WTO Regime by Bharat Dogra
Concerted efforts have been made to give a new lease of life to the Doha Round of WTO negotiations. The question before us is: what is the most relevant role which this revived round of trade talks can play? If we take an overview of the entire international trade scene and the changes that have taken place ever since the WTO was created (including the negotiations which preceded the WTO’s...
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