Launched 20 years ago with the simple line that "people are the real wealth of a nation", the United Nations' Human Development Report has become the most trusted annual indicator of progress in developing nations. The 20th anniversary report charts progress going back 20 years before that first publication - so it is an ambitious attempt to chart development achievements - or not - going back 40 years. The UN Development Programme's...

Subterfuge is the favourite tool of the corrupt, when caught. That seems to be the case as the Union ministry of commerce and industry proceeds at an elephantine pace in its “inquiry” into the Rs 2,500-crore rice export scam reported in Outlook. Last year, on July 30, Parliament erupted in a furore over the revelation that despite a strict ban on exports, tonnes of 25 per cent broken, non-Basmati rice...

Karnataka is expected to be one of the first beneficiaries of a major subsidised housing programme ‘Rajiv Awas Yojana' for the benefit of the urban poor to be taken up by the Union Government. Bangalore with 577 slums and with a population of nearly 10 lakh living there will stand to be the biggest beneficiary. To begin with, people residing in a total of 3.05 lakh dingy structures or thatched huts in...

NAC failed to address hunger and malnutrition: Right to Food Campaign Current proposals only offer window-dressing to present Targeted Public Distribution System Arguments suggesting lack of resources cannot be accepted, wrote Campaign members The Right to Food Campaign activists are “extremely disappointed” with the recommendations of the National Advisory Council (NAC) on the proposed Food Security Bill and have said they would continue their struggle for a Comprehensive Food Security Act. Urging the NAC...

Tight liquidity continues; rise in bank rates likely for such lending. The Andhra Pradesh government will take some time to reply in the high court to the petitions filed against the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, issued last month. The Microfinance Institutions Network (MFIN), SKS Micro Finance and Spandana Sphoorty Financial have filed petitions saying the ordinance threatens to disrupt their business. The government sought an extension after...