The world’s largest study exploring the link between wealth and happiness has revealed a deficit of trust and social-psychological well-being in India that scientists believe could exacerbate the psychological effects of poverty. India ranks low — 85th among 89 countries — on social-psychological strengths assessed through questions such as whether people feel respected or whether they have close family or friends they can turn to for help. Yet India has relatively...

In April, India’s Planning Commission accepted recommendations put forth by the so-called Tendulkar Committee on a new poverty headcount for the country. Constituted by the Planning Commission under economist Suresh D Tendulkar, the committee, after four years and a new methodology, arrived at a new figure for the number of Indians living below the poverty line: 37.2 percent, ten points higher than the previous official figure. With the government’s subsequent...

India’s vital monsoon rains revived in the soybean-growing central region on Thursday, after a two-week lag that reduced June rainfall to 16% below normal, the second lowest in 15 years. Heavy showers in the central Madhya Pradesh state would accelerate soybean planting in the world’s top importer of edible oils and ease growing nervousness about monsoon rains. The weather office reaffirmed its prediction of a normal monsoon this year, in line with...

The Union Environment Ministry has formed a fresh panel to look into the alleged violation of forest rights of tribals in Niyamgiri hills, where it has held up clearance to the bauxite mining project of Vedanta Resources. The Ministry, in a notification on Tuesday, announced a four-member panel to be headed by NC Saxena from National Advisory Council (NAC). S Parasuraman from Tata Institute of Social Sciences, Promode Kant and Amita...

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...