-The Indian Express Bihar Chief Minister Nitish Kumar has more than one reason to cheer the Raghuram Rajan committee report's ranking of states on composite development. Apart from being put close to the bottom of the ladder in the new index of underdevelopment, Bihar also scores near the top in "performance", that is, the reduction of underdevelopment - a most sensible parameter introduced in the report - far ahead of Narendra...

-The Hindustan Times In recent years, there has been a constant stream of international attention given to the Indian middle class. Thanks to the expansion of this class, India's image has dramatically changed since the 1990s. Instead of the narrative about grinding poverty, India is now seen as the heart of new capitalism that is associated with high rates of growth as well as the consumerist elite and middle classes. The...

-The Economic Times Nothing can be more ironic than to have food inflation at 18% (August 2013 over last August) in a country that takes pride in enacting the National Food Security Act (NFSA) and bestowing "the right to food" to 67% of its population by promising 5 kg cereals per capita per month (pcpm) at highly subsidised rates. Given that cereals consumption is 10.7 kg pcpm, people will have to face...

-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...

-The Hindu Bihar is the second most backward, and Gujarat is less developed A panel headed by Raghuram Rajan has recommended a new index of backwardness to determine which States need special assistance. The new methodology ranks Odisha as India's most backward State, Bihar, which has been seeking ‘special' status, as the second most backward, and Gujarat as one of the "less developed" States. Goa is India's most developed State. In May this year,...