Consumption-based measures don’t accurately estimate poverty Since the publication of poverty estimates purportedly based on the Tendulkar methodology and the 2009-10 consumption survey of the National Sample Survey Organisation (NSSO), many in Parliament and outside, from different political parties, have questioned its conclusions. Concomitantly, media reactions have speculated on poverty’s relationship with fertility, growth, specific schemes, et al. But, India’s poverty, like itself, refuses to classify itself in simple boxes. Beyond the...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-The Hindu   Vice President Hamid Ansari has come out in favour of a media regulation framework, agreeing with Press Council Chairman Justice Markandey Katju that self-regulation has failed. “Collective self-regulation has yet to succeed in substantive measure because it is neither universal nor enforceable. Individual self-regulation has also failed due to personal predilection and the prevailing of personal interest over public interest,” said Mr. Ansari. He was speaking on the occasion of National...

How the global garment industry is using regressive customs in Tamil Nadu, enabling it to exploit young women workers… Behind the smiling exterior of a fast-growing economy lie the tears and tragedies of women like these workers. Girls. Dowry. The two go together. No matter what you do to separate them, they somehow get conjoined, like twins that have remained connected in one body. We are told this is one of the...

Illegality in India today touches almost every economic activity. It is both systemic and systematic. The Indian ruling class faced its severest crisis of credibility in 2010. Its past caught up with it and skeletons and scams were spilling out of its closets. The scams have a symbiotic relationship with the black economy. The number of scams is growing and so is the size of the black economy, which has reached...