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Do reforms matter for development? by Subir Roy

The pointlessness of the debate over Indian measures of poverty becomes clear when we look at the country’s human development record. If per capita real incomes have risen so well during the last two decades since reforms were introduced, surely that should mean better lives for most Indians. Forget about catching up with China, there is increasing evidence of India falling behind Bangladesh in terms of key human development indicators...

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The Seven-Billion Mark by Joel E Cohen

One week from now, the United Nations estimates, the world’s population will reach seven billion. Because censuses are infrequent and incomplete, no one knows the precise date—the US Census Bureau puts it somewhere next March—but there can be no doubt that humanity is approaching a milestone. The first billion people accumulated over a leisurely interval, from the origins of humans hundreds of thousands of years ago to the early 1800s. Adding...

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A tale of three islands

-The Economist   The world’s population will reach 7 billion at the end of October. Don’t panic IN 1950 the whole population of the earth—2.5 billion—could have squeezed, shoulder to shoulder, onto the Isle of Wight, a 381-square-kilometre rock off southern England. By 1968 John Brunner, a British novelist, observed that the earth’s people—by then 3.5 billion—would have required the Isle of Man, 572 square kilometres in the Irish Sea, for its standing...

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For urban poor, Govt plans to stand guarantee for Rs 5-lakh home loans by Smita Aggarwal

The Government is finalising the blueprint for a scheme to enable a vast majority of the urban poor to own a house.   The housing and urban poverty alleviation (HUPA) ministry has proposed to stand in as guarantor for home loans up to Rs 5 lakh. Under the scheme, banks would be reimbursed up to 90 per cent in case the poor default on these loans. The scheme, targeting those earning less than...

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Too much information? by Vineeta Bal

Infant deaths resulting from a recent clinical trial in India have led to a media outcry. But few have considered how explosive these revelations actually are, or the problematic use and application of the Right to Information Act. When India’s Right to Information Act came into force in 2005, the legislation’s text acknowledged the conflict that could arise from revealing certain information, pointing out that there was a need to ‘harmonise’...

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