The world’s largest study exploring the link between wealth and happiness has revealed a deficit of trust and social-psychological well-being in India that scientists believe could exacerbate the psychological effects of poverty. India ranks low — 85th among 89 countries — on social-psychological strengths assessed through questions such as whether people feel respected or whether they have close family or friends they can turn to for help. Yet India has relatively...

The world's first electronic book on agriculture, The Agronomy and Economy of Important Tree Crops of the Developing World, compiled by K P Prabhakaran Nair, has been chosen to be kept in the British Library in London and the Congressional State Library in Washington. The Elsevier Academic Press-Macmillan combined, a major publisher in science, had commissioned Professor K P Prabhakaran Nair to compile the electronic book, which took him nearly five...

In April, India’s Planning Commission accepted recommendations put forth by the so-called Tendulkar Committee on a new poverty headcount for the country. Constituted by the Planning Commission under economist Suresh D Tendulkar, the committee, after four years and a new methodology, arrived at a new figure for the number of Indians living below the poverty line: 37.2 percent, ten points higher than the previous official figure. With the government’s subsequent...

The Union budget estimates the nominal rate of growth for the Indian Economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

The day Kumari Selja assumed charge as the Union minister for housing and urban poverty alleviation in the second United Progressive Alliance government, she got an unusual gift: a set of two books from none other than Prime Minister Manmohan Singh. The books, The Other Path and The Mystery of Capital, were by eminent Peruvian economist Hernando de Soto, hailed as the “poor man’s capitalist”for his work on the informal sector....