-The United Nations The rapid growth of developing countries is propelling millions out of poverty on an unprecedented scale and radically reshaping the global system, according to a flagship United Nations report launched today. “The rise of the South is unprecedented in its speed and scale,” says the Human Development Report 2013, which uses the term “South” to mean developing countries and “North” to mean developed nations. “Never in history have the...

-Financial Times Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday. “Never in history have the living conditions and prospects of so many people changed so dramatically and so fast,” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.” This year’s report, launched...

-The Times of India HYDERABAD: Contrary to popular perception, the age-old bride bazaar continues to flourish on the back of a well-oiled network of brokers in the poverty-stricken parts of the Old City, with Muslim women increasingly falling victims to the trade. Activists say that till date, thousands of young women have been married off to cash-rich foreign nationals and the lives of many more are at stake. Activists say that the...

-PTI India's atomic power generation has more than doubled since 2008-09 to 32,000 million units last year after it was permitted into the club of nations allowed to participate in international nuclear commerce. India's nuclear power sector had produced 14,927 million units of electricity in 2008-09, the year when it signed an additional safeguards protocol with the International Atomic Energy Agency (IAEA). The IAEA approval came on August 1, 2008 and the next...

-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...