Today is the ''International Day for the Eradication of Poverty'', so it an appropriate day to note how necessary it still is to emphasise this concern among Indian policy makers. Sadly, lack of official awareness is evident in all sorts of recent policy measures, for example in the cynicism of increasing oil prices that feed into all other prices with cascading effects, even when inflation has already imposed huge burdens on...

-The United Nations   A new report by the United Nations labour agency warns of a youth jobs crisis in both developed and developing countries, with young people aged 15 to 24 finding it increasingly difficult to obtain decent employment and future prospects are dim. As it released its “Global Employment Trends for Youth: 2011 Update,” the International Labour Organization (ILO) notes that the recent global economic crisis led to a “substantial” increase...

Only in India does redistribution, which keeps the poor and marginalised out of the mainstream of the economy, pass for inclusive growth. In much of the rest of the world, inclusive growth would mean giving the poor and marginalised a direct stake in the economy with fast-growing industries and services absorbing them into gainful employment and, thus, making them true participants and partners in the growth process.  But in India, we...

Fourteen-year-old Shafat Ahmad works as a domestic helper in the house of a Srinagar-based government employee in Kashmir. His younger sister embroiders shawls in an unregistered textile venture in her native village of Beeru. "When my father first brought me here, my employer promised to send me to school," Shafat told IPS. Though he is keen to pursue his education, he has yet to attend a single class. The Ahmed siblings' story...

-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...