Prime Minister Manmohan Singh pledged Sunday to spend more on health care and education and make it easier for foreign investors to participate in India’s $1.2 trillion economy, one of the fastest growing in the world. At a World Economic Forum meeting in New Delhi, Mr. Singh said that public sector spending on health care would more than double to 2.5 percent of gross domestic product, and education spending would...

There is a growing chorus of views - representing some very influential writers in India and elsewhere - in favour of direct cash transfer into poor people's bank accounts as a more efficient social security net than the National Rural Employment Guarantee Scheme (NREGS). Economist Arvind Panagariya has called direct cash transfer ''the least costly policy to give immediate relief to the poor". Having returned from a series of field...

Huge investments, the emergence of media conglomerates and their explosive growth have brought into focus new considerations that guide professional media decisions, Vice-President and Rajya Sabha Chairman M. Hamid Ansari said here on Wednesday. “Today, the demands of professional journalists are carefully balanced with the interests of owners and stakeholders of media companies and their cross media interests. The interplay of these conflicting demands is evident and [a] subject of...

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...

The United Nations Development Programme-sponsored 2009 Human Development Report on migration, “Overcoming Barriers: Human mobility and Development” has been widely acknowledged as a path-breaking study on human movement. Shattering the many myths around migration, the report concludes that most migration is in fact beneficial, and calls for supporting policies to ease barriers to free movement. Senior Assistant Country Director, UNDP, K. Seeta Prabhu. discusses the report with The Hindu For...