The article presents the political and economic impacts of various kinds of natural and man-made disasters and associated displacement of populations, and argues for a wider and more inclusive definition of disasters in the interest of human rights, social justice and equity for the victims of disasters. Legislation, Disasters and People Numerous disasters at national and international levels have caused governments to recognise the need for rapid and effective response to provide...
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RBI survey sees lower GDP growth, higher corporate profits
The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...
More »'Outlays have had no relationship with outcomes': Mani Shankar Aiyar
As an Indian, and one who has held high ministerial office, it is only right that I begin by portraying the reality of my own country before drawing comparisons with my South Asian neighbours. The World Food Programme tells us that half the world’s hungry live in India. Which is the more significant reality: Our being the second-fastest growing economy in the world, or that, notwithstanding that extraordinarily high growth...
More »Don’t uncork the bubbly yet! by Paranjoy Guha Thakurta
That the economies of Asia, in particular China, India and Australia, are responsible for whatever growth is currently taking place on the planet is now acknowledged and underlined by the West as well as by multilateral financial agencies like the International Monetary Fund (IMF) and the World Bank. The 3.5 per cent growth in the American economy in the July-September quarter has enthused many into believing that the worst of...
More »Quality primary education
Privatisation is no panacea when it comes to education. Nor can high-cost intervention at the tertiary stage produce quality talent. The back-bone of quality education is primary schooling. And improving that is not just a question of funding, even if the government does muster courage to raise expenditure on education from the present about 3% of GDP to the promised 6% of GDP. Granted, the UPA did raise this ratio...
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