-The Indian Express Indian bureaucracy is the worst in Asia with a 9.21 rating out of 10, according to a report by a prestigious consulting firm based in Singapore. India fared worst than Vietnam (rated at 8.54), Indonesia (8.37), Philippines (7.57) and China (7.11), said the report released today by Hong Kong-based Political & Economic Risk Consultancy Ltd. Singapore remained the best with a rating of 2.25, followed by Hong Kong (3.53), Thailand...

India must not obsess with how fast its economy is growing and instead pay more attention to its human development indicators which are worse than even that of Bangladesh, Nobel prize-winning economist Amartya Sen said. Sen, known among his peers as the Conscience of Economics, said slower growth is not a good enough reason for national gloom. If India really must feel upset, it should be because the country is...

Economist and Nobel laureate Amartya Sen, currently the Lamont University Professor and Professor of Economics and Philosophy at Harvard University believes that mere economic growth cannot be equated with the wellness of people. Social indicators are an equally important measure. In Bangalore for the presentation of the Infosys Prize for 2011 ( Sen is the jury chair for social sciences), he spoke to TOI on a variety of topics. Excerpts: Q:...

Last week's clash near Posco's project site in Odisha is brewing trouble for the South Korean steelmaker and the state government, with legislators demanding a probe into why the main accused in the clash has not been arrested. State legislators on Monday demanded the immediate arrest of Bapi Sarkhel, a Paradip-based contractor alleged to have masterminded Wednesday's clash, which left one dead and 25 injured. "When the police arrested local...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...