India spends more on programs for the poor than most developing countries, but it has failed to eradicate poverty because of widespread corruption and faulty government administration, the World Bank said Wednesday. “India is not getting the ‘bang for the rupee’ that its significant expenditure would seem to warrant, and the needs of important population groups remain only party addressed,” John D. Blomquist, lead economist at the World Bank, wrote in...

-The Economic Times   China has outperformed India in tackling the "double-burden" of diseases that includes infectious diseases affecting the poor on the one hand and chronic lifestyle ailments typical of fast urbanisation on the other, a WHO report has said. While India's life expectancy has shot up to 65 years in 2009, up from 61 years in 2000, China has improved the same to 74 years during the last 10 years. Besides,...

Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...

In the hue and cry over minimum wages under NREGS, battle lines have been drawn between those who favour central government hiking minimum wage rates to the state minimum, and others asserting that the two must be delinked. While the former invoke 'a right to livelihood', the latter point to the NREGS being 'the employer of the last resort and the imperative of better targeting'. While these views have some merit,...

The chairman of Commission for Agricultural Costs and Prices (CACP), Ashok Gulati, is a well-known proponent of reforms and an agricultural economist with diverse experience. Prior to taking charge of CACP, he was the International Food Policy Research Institute director in Asia. In an interview, Gulati spoke about the urgency for initiating reforms in the agricultural sector and made a strong case for intervention to check falling wheat prices either...