This book discusses a new poverty agenda for Asia and the role of social policies in economic transformation and reducing poverty. The poverty-reduction agenda is well known. So is the debate over poverty. No one disputes the fact that poverty of income (or expenditure, as countries such as India do not collect household data on income) is an imperfect measure of poverty, as there are non-income dimensions, too. Consequently, we...

Food inflation, hovering in the double digits, may play spoilsport to India’s ability to continue its rapid economic growth. It is truly troubling that food still consumes half of the expenditure of the average Indian household. No wonder a sharp spike in onion prices has the potential to upset the political calculus of social stability. India’s biggest challenge still remains ensuring food and nutritional security to its masses. Notwithstanding the nation’s...

There was a lot of apprehension before budget day regarding what the Union finance minister will do to reduce the deficit. Will he roll back the tax concessions implemented a couple of years ago as part of a fiscal stimulus package? Will he announce populist social sector spending in view of the major state polls coming up this year? Will he be too timid and not take any bold steps...

The need for the media to take voluntary, not paid, ownership of creating awareness for better participation of voters in the election process was recommended at a roundtable on the “Role of media in building voters' awareness” here on Friday. The recommendation was part of a national consultation on voters' participation organised by the Election Commission (EC). Other roundtables at the consultation pertained to fighting urban apathy, connecting with youth in...

Pranab Mukherjee, India’s finance minister, put the rural economy at the heart of a national budget on Monday, saying ridding the farm sector of crippling supply bottlenecks would be his “focus” in the coming fiscal year.A market-neutral budget supporting agriculture, welfare schemes and the extension of banking services to more people was designed to dispel any sense that the Congress party-led government was in drift after a series of high...