An annual meeting of Asian finance ministers and central bank governors in Hanoi is set to address the fate of 64 million people in the region on the brink of extreme poverty. They are the worst affected by soaring food prices, which have hit record highs in the first two months of this year. "The issue of food price inflation and food security will indeed be one of the key topics...

The political class may be evil and corrupt but that’s whom Shanti Bhushan and his son Jayant Bhushan turn to when they want a farmhouse each — for a song. In his declaration of assets last week, Shanti Bhushan, also co-chairman of the drafting committee of the Lokpal Bill, mentioned a 10,000 sq m farmland plot in Noida. What he did not mention was the discretionary manner in which the Mayawati government,...

Misleading data cited in a seminar paper on the situation of the minority community in the State tend to detract from the Left Front government's exceptional record on this count. Abusaleh Shariff, the Chief Economist of the National Council of Applied Economic Research, who was the Member-Secretary of the Sachar Committee, presented a paper on the socio-economic development of Muslims in West Bengal, at a seminar organised by the Institute of...

Any perceptive analyst of democracy will testify that there is no necessary relationship between democracy and a corruption-proof regime, or development, or political stability. If we were to evaluate democracy from the vantage point of the desired ends we expect it to realise, it would fare rather poorly when compared to authoritarian governments, say the one institutionalised in Singapore by its former prime minister, Lee Kuan Yew. Yew transformed Singapore...

U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...