U.N. report says this will consolidate the region's economic recovery  Even in crisis, Asia-Pacific still the fastest-growing region Increased social spending directly supports income security for households A United Nations report has called upon governments in the Asia-Pacific region to increase social spending to consolidate the region's stronger than anticipated economic rebound and to spur over the long term a fairer, more balanced, and sustained economic recovery. The Economic and Social Survey of...

Is the Indian government bargaining away the rights of millions across the world to essential drugs supplied by India, hailed as the pharmacy of the developing world, in the name of free trade with the European Union (EU)? That's a fear being expressed by civil society groups in the developing world. Commerce minister Anand Sharma vehemently denies such a possibility, claiming that the free trade agreement (FTA) under negotiation with...

Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe...

Is India’s brand new Seed Bill capable of protecting the farmers' livelihoods? Or will it compromise their interest by allowing multinational seed companies to have a free run of the Indian seed market? The new Bill seeks to regulate the seed market and improve the quality of seeds as well as to harmonise and update the old policies in line with the current international practices for production, supply and for...

The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...