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...

Governments risk failing some of the world's most impoverished and vulnerable groups unless human rights are put at the centre of efforts to eradicate poverty, Amnesty International warned on Wednesday. In a new report looking at how to strengthen the Millennium Development Goals [MDGs], the organization highlights how key targets fall short of existing international human rights standards. The report, From Promises to Delivery, outlines crucial steps governments can take to deliver...

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...

Judging by the television news that night, May 20, 2010, was a day like any other — marked by natural disaster (a cyclone predicted for Orissa), violent rebellion (the blowing up of railway tracks by Maoists in Bihar), political partisanship (the insistence by Mamata Banerjee that the Union railways minister would be of her party even if she soon moved, as she hoped, to become chief minister of West Bengal),...

Politics runs the risk of being reduced to the art of the passable — it has to be approved by the legislature, by the omniscient television anchors, by sulking editorial writers forced to cede ground to the TV anchors, and, most crucially , by Sonia Gandhi. The food security Bill was drafted for Ms Gandhi’s favour and has been shafted by her displeasure. Food security, hostage, in any case, to...