Which is more important in human life: money or happiness? Can money buy happiness? According to the tiny Himalayan nation of Bhutan, the time has come for the world to pay closer attention to this age-old question. "We are starting a global movement on this issue," Jigme Thinley, the prime minister of Bhutan, told IPS after a high-level meeting on "Happiness and Well-being: Defining a New Economic Paradigm" held at United...

Fast-food chains McDonald's and KFC, and packaged food brands like Lay's chips and Maggi noodles reported normal sales this weekend, despite a study on Friday alleging high levels of trans-fat, sugar and salts in their food on Friday. Analysts say it is natural for consumers of chips, burgers and noodles to ignore Centre for Science and Environment's warning because they know what they are getting into when they consume chips and...

Edible oil prices soared almost 10%-Rs 6 to 8 per kg-in the last one month, piling up pressure on the already vulnerable food inflation. Palm oil, which accounts for nearly half of India's refined oil Consumption, went up Rs 10 per kg following a sharp rally in international markets. India imported about eight million tonne, or half of its domestic vegetable oil requirement, last year. A weakening rupee has been another...

The great poverty debate has been re-ignited, pitting liberal, pro-market economists against left-of-centre economists of the JNU genre. Is the Tendulkar Committee's poverty line - expenditure of 32 a day in urban areas and 26 in rural areas -an affront to the poor, an estimate that could only have been made by a committee whose members had never known a day's poverty themselves? Or is it a realistic estimate of what...

Even as the debate rages on whether poverty measurement in India is accurate, a recent report on nutritional intake of Indians has come up with a chilling conclusion: two thirds of the country's population is eating less than what is required.    Even more worrying is that this trend continues despite a healthy economic growth rate over several years, and despite several mega programmes of nutrition delivery to children. Experts believe that...