Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the Asian Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...

U.N. report says this will consolidate the region's economic recovery  Even in crisis, Asia-Pacific still the fastest-growing region Increased social spending directly supports income security for households A United Nations report has called upon governments in the Asia-Pacific region to increase social spending to consolidate the region's stronger than anticipated economic rebound and to spur over the long term a fairer, more balanced, and sustained economic recovery. The Economic and Social Survey of...

The global economic downturn could push an additional 21 million people in the Asia-Pacific region into extreme poverty, rolling back development gains, according to a United Nations-backed report issued today. The publication, launched in Manila, examines the toll that the crisis has taken on progress towards achieving the Millennium Development Goals (MDGs) – eight anti-poverty targets agreed upon by world leaders with a 2015 deadline – in the Asia-Pacific. Produced...

It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...