The world’s largest study exploring the link between wealth and happiness has revealed a deficit of trust and social-psychological well-being in India that scientists believe could exacerbate the psychological effects of poverty. India ranks low — 85th among 89 countries — on social-psychological strengths assessed through questions such as whether people feel respected or whether they have close family or friends they can turn to for help. Yet India has relatively...

This National Advisory Council might not be as powerful as its namesake and as freewheeling in its mandate, but it will oversee the implementation of the Right to Education, the single most important intervention in the field of education since independence. HRD minister Kapil Sibal, who will be the ex-officio chairperson of this 14-member NAC, has cleared the names of eight members. They are Kiran Karnik, former president of NASSCOM;...

In April, India’s Planning Commission accepted recommendations put forth by the so-called Tendulkar Committee on a new poverty headcount for the country. Constituted by the Planning Commission under economist Suresh D Tendulkar, the committee, after four years and a new methodology, arrived at a new figure for the number of Indians living below the poverty line: 37.2 percent, ten points higher than the previous official figure. With the government’s subsequent...

The day Kumari Selja assumed charge as the Union minister for housing and urban poverty alleviation in the second United Progressive Alliance government, she got an unusual gift: a set of two books from none other than Prime Minister Manmohan Singh. The books, The Other Path and The Mystery of Capital, were by eminent Peruvian economist Hernando de Soto, hailed as the “poor man’s capitalist”for his work on the informal sector....

In June 1991, the country embarked on a bold adventure by exposing to market vicissitudes its insulated manufactories, regulated (but pockmarked with soft spots) financial markets and inexperienced economic players. An economy, in those days, was about people, not giant factories and ships with riches. Though successive governments have secured the reformative underpinnings of the liberalisation process, it is to the credit of players in India that the sublime quest...