The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...

Conditional cash transfers are necessary but not sufficient for improving health. Good government-funded health care is essential, as are schemes which address social determinants of health. The march of capitalism, with its reduced emphasis on public spending, while improving many national economies has also widened the gap between the rich and the poor. For millions of Indians, hunger is routine, malnutrition rife, employment insecure, health care expensive and livelihoods are under...

A recent ILO report focusses on the discrimination in employment opportunities and remuneration and wants governments to act. IN recent years, one of the predominant concerns of international organisations, especially those that have a “rights” perspective, has been the impact of the global downturn on various vulnerable sections across the world. Notwithstanding the fact that many countries have signed and ratified conventions of the International Labour Organisation (ILO) and are...

Prime Minister Manmohan Singh will chair the full-fledged meeting of the Planning Commission next month to approve the ‘Approach Paper' to the 12th Five Year Plan (2012-17) that is likely to focus on raising economic growth to 9-9.5 per cent. Officials in the Finance Ministry said the approach paper would provide the broad framework of the government policy to be pursued in the five-year period to achieve the desired Growth Rate....

TODAY, India is considered around the world as a rapidly developing country posting economic Growth Rates of around 8-9 percent consistently over the last several years. Along with China, which is much further ahead, India is seen as a powerhouse of the global economy in the decades to come and already it is home to a very large number of dollar billionaires, perhaps the largest such number in Asia. In...