-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...

-The Times of India MUMBAI: The urban agglomerations of Mumbai and Delhi, which barely matched up to global cities in size in 1950, are now counted among the seven most populous mega-cities in the world, reveals the 2013 World Population Data Sheet released by the US's Population Reference Bureau on Thursday. Mumbai, in terms of its Mumbai Metropolitan Region (including Navi Mumbai, Thane and Vasai-Virar among other satellite belts), houses around 19.7...

-Economic and Political Weekly The government has notified a Draft Land Reforms Policy which, on paper, has all the requisites of an earnest programme. Yet, the near total failure of earlier efforts at land reforms in India leave little room for hope that something substantial will at last be done to combat landlessness. Harsh Mander (manderharsh@gmail.com) is with the Centre for Equity Studies, New Delhi, and works with survivors of mass violence,...

-The Times of India NEW DELHI: An expert committee under chief economic advisor Raghuram Rajan has identified 10 parameters for a new Composite Development Index, whose adoption by the Centre will change the way thousands of crores are transferred annually and can potentially set the stage for realignment of political forces in Bihar before the 2014 polls. The new index seeks to rate states on the basis of their distance from the...

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...