India spends more on programs for the poor than most developing countries, but it has failed to eradicate poverty because of widespread corruption and faulty government administration, the World Bank said Wednesday. “India is not getting the ‘bang for the rupee’ that its significant expenditure would seem to warrant, and the needs of important population groups remain only party addressed,” John D. Blomquist, lead economist at the World Bank, wrote in...
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BASIcs of the debt demon by Devadeep Purohit
Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...
More »Left behind in a web of debt and poverty by Malia Politzer
The passport office in Hyderabad reported the highest number of passport applications recorded in Indian history (at least 450,000) and it expects an increase of 15-20% this year Jamuna Kunta sits stiffly in a plush red chair at the Hyderabad press club, holding her head proudly erect as she quietly recounts the events leading to her husband’s suicide in Dubai. A farmer from Karimnagar, a rural district in Andhra Pradesh, her husband...
More »Migrants and minorities still vulnerable to discrimination at work–UN report
Migrant workers and minorities are among groups that continue to face discrimination in the labour market as a result of the global economic crisis, despite positive advances in anti-discrimination laws, the United Nations International Labour Organization (ILO) said in a report unveiled today. “Economically adverse times are a breeding ground for discrimination at work and in society more broadly. We see this with the rise of populist solutions,” said ILO Director-General...
More »Mining to blame for islands to sink beneath waves by Sivaramakrishnan Parameswaran
Two small islands in South ASIa's first marine biosphere reserve have sunk into the sea primarily as a result of coral reef mining, experts say. The islets were in a group in the Gulf of Mannar, between India and Sri Lanka. The Indo-Pacific region is considered to contain some of the world's richest marine biological resources. The group's 21 islands and islets are protected as part of the Gulf of Mannar Marine National...
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