This report is sure to come as a shocker for all those who thought the worst was over after believing that the recession is petering out. The recently released World Economic Situation and Prospects 2010 (WESP) of the United Nations (UN), predicts that the economic growth in the developing world will remain well below the pre-crisis pace of more than 7 per cent per annum. China’s and India’s economies are...
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Food prices and PDS
The United Progressive Alliance (UPA) government loves committees. Have problem, will deliberate, seems to be the government’s motto. So, it is not surprising that the chief ministers’ conference on price rise ended with yet another committee being appointed, this time on the overhaul of the public distribution system (PDS). This despite the fact that the recent surge in prices had nothing to do with the absence of a universal PDS...
More »The blame game around food prices by CP Chandrasekhar
The special meeting of Chief Ministers convened by the Centre indicates that food price Inflation remains worrisome. But at the meet the problem was underplayed and little of substance emerged. With food price Inflation still running at close to 18 per cent, the UPA government at the Centre has been forced to recognise that it constitutes a problem that deserves as much or more attention than the objective of achieving...
More »A time for introspection
Increasing scrutiny of the Intergovernmental Panel on Climate Change and, in particular, its chairman, should lead to reforms THE past month has not been a good one for Rajendra Pachauri (pictured above), the charismatic chairman of the Intergovernmental Panel on Climate Change (IPCC) and director general of TERI, an Indian research institute. His numerous positions on boards and industrial advisory panels, in India and beyond, have led to charges of conflicts...
More »No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan
It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...
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