-Niti Central According to a report, the Rangarajan committee has retained consumption expenditure as the basis for determining poverty according to which the total number of poor in the country at 36.3 crore or 29.6 per cent of the population. After much public outcry over the UPA's poverty line, another expert panel headed by veteran economist C Rangarajan has come up with a report recommending that those who are spending more than...

-The Hindu Business Line   Perpetual growth is a piece of nonsense. The focus should be on protecting livelihoods through sustainable means Construct a building, demolish it, reconstruct, break it down again, and go on repeating this meaningless exercise. You will have economic growth, as currently measured. But no net gain in employment during the endless cycle of construction and demolition, no net increase in productive capacity, and no appreciable change in poverty...

-The Indian Express Despite the bureaucratic mindset, there are also tremendous positive effects. As speculation mounts by the day that the Modi government is thinking of winding up the Planning Commission, this is an opportune moment to reflect on the relevance of the institution in the context of a rapidly changing Indian economy and society. One way of classifying institutions is in terms of the balance between their potential positive power (PPP) and...

-Live Mint The slow monsoon may hurt crop yields and cut farmers' returns, especially in states such as Maharasthra and Gujarat Lasalgaon, Maharashtra: Pramod Patil's 40-acre field in Lasalgaon usually turns green around now with germinated soybean and corn seeds, but this year he has yet to begin planting because of scanty monsoon rains in Maharashtra. Like 27-year old Patil, millions of Indian farmers are hoping rains will strengthen in the next...

-The Business Standard   Why Indian unemployment figures puzzle many Census data released on Tuesday contained a shocking piece of information: that 47 million young Indians, under the age of 24, were jobless, and looking for work. That's 20 per cent of the youth population. This is hard data confirming a fact that has long been anecdotal: that India has a jobs crisis. The picture that emerges from the Census data is intriguing:...