One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...

A new study questions safety assessments of Bt brinjal, asks for an independent regulator Does it matter if the gene introduced in Bt brinjal varies from the natural brinjal by 70 amino acids rather than by one? What if the regulators in the country fail to detect this and rubber stamp a genetically-engineered vegetable on the basis of the premise submitted by the company that produced it — Mahyco in...

-The Pioneer The Planning Commission will constitute an expert group in three months to revisit the methodology for estimating poverty amid demand for removal of its Deputy Chairman Montek Singh Ahluwalia for pegging the poverty line at Rs 28.65 daily per capita consumption for cities and Rs 22.42 in rural areas. “The Government had taken a decision to set up a technical group to revisit the methodology for estimating poverty in a...

-The Hindu Food subsidies for poorest will help them cope: ADB A hike in the cost of food staples like rice and wheat could push tens of millions more people into extreme poverty in the South Asian region including India, says an Asian Development Bank (ADB) report. The Manila-based lending agency, in its report “Food Price Escalation in South Asia – A Serious and Growing Concern” released on Monday, however, said that food...

-The Indian Express   Rural areas have shown a faster pace of decline as poverty levels dipped by over seven percentage points in the past five years in the country. As per Planning Commission estimates released on Monday, Himachal Pradesh, Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, Karnataka and Uttarakhand are among the top performers, with the decline in poverty in each of these states estimated at 10 percentage points or more between 2004-05...