Last year may have been a cruel year for much of the country with slow growth and double-digit food inflation, but India's high net worth individuals (HNWIs) prospered — just over 120,000 in number, or 0.01% of the population, their combined worth is close to one-third of India's Gross National Income (GNI). HNWIs, in this context, are defined as those having investable assets of $1 million or more, excluding primary...
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An odd royalty calculus by Latha Jishnu
For years now, at least since India passed amendments to the Patent Act to allow product patents in 2005, patents on drugs have coloured and overwhelmed the debate on health issues in the country. Now, the issue of patents on seeds and agriculture inputs promises to become the hot new topic. An indication is the response to a news report “Battle royal over Bt cotton royalty” (May 28, Business Standard)...
More »Jharkhand: The fire in the earth's belly by Dr Nitish Priyadarshi
Unfettered coal mining is causing unchecked underground fires that threaten human habitation and the environment, writes geologist Dr Nitish Priyadarshi. The haunting inscription that marks the gates of hell in Dante's Inferno could well be true for Jharkhand. For, the underground fires that have been raging in the coalfields of this state over several years are now beginning to engulf its thickly inhabited areas as well. An underground mine fire that has...
More »India likely to halve poverty rate by 2015: U.N. report by Aarti Dhar
India is expected to reduce its poverty rate from 51 per cent in 1990 to 24 per cent in 2015, slashing the number of extremely poor by 188 million. But progress in the rest of South Asia is not sufficient to halve the level of poverty by that target date, according to a United Nations report on the Millennium Development Goals for 2010. The sharpest reductions worldwide continue to be recorded...
More »Hunger back to 1990 levels in South Asia: UN report by Himanshi Dhawan
Even before the food and financial crises hit the world, prevalence of hunger in South Asia was increasing instead of decreasing, taking the region further away from the goal of reducing hunger by half by 2015, according to the United Nations Millennium Development Goals report, 2010. The report says in 2005-2007, the proportion of undernourished people in South Asia had swelled to levels last seen in 1990. The prevalence of...
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