South Asian nations including India would not be able to eradicate poverty and ensure minimum education for all by 2015, according to a new poverty index to be released next week in Delhi. The Basic Capabilities Index (BCI) 2009 has found that South Asia will get 80 points on the index by 2015, 10 points higher than the present value of 70. India has got 68 points in the index,...

After the suspicion and hostility of a few held up the introduction of Bt brinjal, the prime minister’s economic advisory council has stepped in to provide some good sense. In the context of Bt cotton’s success, the council recommended farm evaluations and a comprehensive risk analysis of GM crops, the results of which should be brought into the public domain as soon as possible. In India, the Bt brinjal case...

The global economic crisis has wiped out developing Asia's recent gains in poverty eradication as the meltdown is expected to have driven 21 million more people in the region into poverty. A joint report by the United Nations and the Asian Development Bank shows that the global economic slowdown has slackened trade, slashed export and tourism receipts and raised unemployment levels. This makes it difficult for the region to achieve its...

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...

This report is sure to come as a shocker for all those who thought the worst was over after believing that the recession is petering out. The recently released World Economic Situation and Prospects 2010 (WESP) of the United Nations (UN), predicts that the Economic growth in the developing world will remain well below the pre-crisis pace of more than 7 per cent per annum. China’s and India’s economies are...