-The United Nations   As the world population approaches seven billion, Secretary-General Ban Ki-moon today stressed that ending global poverty and inequality is the key to unleashing the great human potential for prosperity and peaceful coexistence, while protecting the planet and safeguarding the natural resources that sustain humanity. “Later this year, a seven-billionth baby will be born into our world of complexity and contradiction,” Mr. Ban said in a message to mark...

The gap in consumption spending between poor and rich is more in urban areas than rural. Apart from much inequality in consumption between urban and rural areas. Consumption per capita was 5.6 times less in a month for the bottom ten per cent of the population than the top 10 per cent in rural areas during 2009-10. The disparity increases to 9.8 times between the two classes in urban parts, according...

Despite the much-hyped rural consumption boom and all the social sector programmes of the government, the Income Inequality between the rural and urban consumer widened to 91% in the first five years of the United Progressive Alliance coming to power in 2004. According to the 66th round of the household consumption expenditure survey released by the National Sample Survey Office (NSSO) on Friday, the per capita expenditure level of the urban...

-The Economic Times   Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...

As we close in on 20 years of Manmohanomics, it's worth remembering one chant the chattering classes uttered, first with pride, later to console themselves. “Whatever you say, we have the most honest man in Dr. Manmohan Singh. And no one can speak a word against him.” It's less heard now — those affections having been transferred to other punters in the honesty sweepstakes. But growing numbers do say this...