-The Business Standard About 240 million more people in Asia, or 6.5 per cent of the population, could have been lifted out of poverty, had ineQuality not widened over the past 20 years, roughly the era coinciding with economic reforms in India, the Asian Development Bank (ADB) said in a report released on Wednesday. “Asia’s rapid growth is leaving millions behind, causing a widening gap between the rich and the poor that...

Statistics can abet illusions, unless properly understood and used. The debates on poverty line and budget deficits reflect a lack of understanding of the meaning and purpose of these measures. India has been recently witness to furious debates on measures of poverty and budget deficits. Any measure can be used only for the purpose it is designed for. The debates in the present cases were furious, because preconceptions and emotions were...

All schools, barring unaided minority institutions, will have to set aside 25 per cent of their seats for disadvantaged sections in the neighbourhood, the Supreme Court ruled today. The top court settled the question by upholding the relevant clause in the right to education law, saying that “advancement of education is a recognised head of charity” and rejecting a slew of petitions filed by several unaided schools. Since the act deals with...

The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

-The Pioneer Almost 95.2 per cent of schools are not compliant with the complete set of Right to Education (RTE) infrastructure indicators. These shocking statistics came to light in the two-day RTE Stocktaking Convention which was recently held. The Convention aimed to address the pending gaps and detect the reasons behind the schools missing out on the deadline to meet the basic standard of education as highlighted by the RTE. The RTE...