Angus Deaton, the Princeton economist regarded as world's foremost authority on cross-country income data, has cast serious doubts on the World Bank's last upward revision of global poverty figures and India's statistics are at the centre of the storm. The world became poorer as a result of a combination of India's Economic Growth and its low poverty line, Deaton, who is president of the American Economic Association, said in his...

In the debate on development paradigm Jawaharlal Nehru is frequently presented predominantly as a strong advocate of heavy industry, large dams and big machines - someone who placed big hopes in modern technology. However, a more careful reading of several of his writings presents a different picture of a thoughtful mind troubled by several aspects of modern technology and industrial society, a mind which was prepared to go back hundreds...

Bihar has been in the news recently for recording an average growth rate of 11.3 per cent for the period between 2004 and 2009. Much has been written about the quality of governance and the improved state of roads. This is indeed commendable, and no mean achievement, for a State that had virtually become a “development outcast”. I was pleasantly surprised to note on a recent trip to Bihar the...

The Asian Development Bank (ADB) is to carry out a comprehensive study on the economics of climate change in Northeast Asia, Manila-based ADB said in a press release on Monday. The study’s aim is to help regional and country-level decision makers address the issue of climate change and to develop low- carbon growth strategies in their countries and the region, the ADB said. The study, Economics of Climate Change and Low...

Are the world and human society in general ready and willing to take action on critical issues that require a major change in the manner in which we produce and consume goods and services?  The science of climate change is now well established. This is the result of painstaking work of over two decades carried out by thousands of scientists drawn from across the globe to assess every aspect of...