Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

Calcutta, Oct 20: The CPM central committee appears to have underestimated the decline in the party’s vote in Bengal in the Lok Sabha polls last May. The final poll data compiled by the National Election Study (NES) now shows that the decline in the party’s — and the Left Front’s — vote was sharper than what had been calculated earlier. Also, the erosion was spread across all social groups, including...

In the final analysis, what makes any NREGA social audit worth all the pain and effort is the awareness it creates among poor beneficiaries. It is a measure of the hard labour that awaits NREGA activists in other States that a social audit conducted under blazing arc lights, and with so much official support, such as the one in Bhilwara in Rajasthan, could run into so many roadblocks. Virtually all...

Here’s a hypothetical, though not altogether unfamiliar, scenario that academic and writer Sunil Khilnani invoked in a lecture at the British Museum to warn against what he called the “paradox of India’s new prosperity.” He asked his audience to imagine two traffic lanes, both at a standstill. After a while traffic in one of the lanes starts moving raising hopes of those stuck in the next lane that they, too,...

KEY TRENDS   • As per the 2019 Global Hunger Index report, neighbouring countries such as China (GHI score: 6.5; GHI rank: 25), Sri Lanka (GHI score: 17.1; GHI rank: 66), Myanmar (GHI score: 19.8; GHI rank: 69), Nepal (GHI score: 20.8; GHI rank: 73), Bangladesh (GHI score: 25.8; GHI rank: 88) and Pakistan (GHI score: 28.5; GHI rank: 94) have outperformed India (GHI score: 30.3; GHI rank: 102) *13    • As per the 2018 Global Hunger Index report,...