Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...
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Time For New Approaches says Civil Society by Claire Ngozo
The dominant approaches to development have failed the world’s poorest citizens and now the paradigm must change. This is the strong message coming from over 2,000 non-governmental organisations gathered at the civil society forum for the Fourth U.N. Conference on the Least Developed Countries (LDC-IV) in Istanbul, Turkey. Arjun Karki, spokesperson for the forum, told the gathering that the failure to see more LDC countries graduate from this most vulnerable classification...
More »27 million out of poverty net: Govt by Chetan Chauhan
A new data analysed by the Planning Commission says that around 382 million Indians were below poverty line in 2009-10, a decline of 27 million since 2004-05. The decline of over five percentage points (from 37.2% to 32%) in as many years was much less than the target of annual reduction of 2% in poverty in the 11th plan. What the UPA government can showcase is the highest poverty reduction...
More »Social crisis ahead: World Bank, IMF by Narayan Lakshman
Even as the World Bank and International Monetary Fund annual Spring Meetings kicked into top gear, IMF Managing Director Dominique Strauss-Kahn made a strong case for reducing global inequality if economic growth was to be sustained. Speaking earlier this week at the Brookings Institution, Mr. Kahn said, “Because growth beset by social tensions is not conducive to economic and financial stability, the IMF cannot be indifferent to distribution issues. And when...
More »A Table for Nine Billion by Aprille Muscara
As the World Bank and International Monetary Fund convene for their annual Spring Meetings here, soaring food prices are high on the agenda, prompting some analysts to fast-forward to 2050 and the question of how to nourish the mid-century's estimated world population of 8.9 billion people – the majority of whom will live in developing countries. "More poor people are suffering and more people could become poor because of high and...
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