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ADB urges Asia to tackle rising income gap

-AFP The Asian Development Bank (ADB) Monday urged regional governments to tackle rising income inequality with more urgency, warning any delay could undermine social cohesion and economic Growth. Rajat Nag, ADB's managing director-general, said failing to address the problem now could spark further dissatisfaction and lead governments to resort to populist measures to appease their citizens. But populist measures like fuel subsidies and cash grants are taxing on state coffers and could result...

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Public goods as the way to welfare-Pulapre Balakrishnan

There is evidence to show that Growth is slowly becoming inclusive. But for the quality of life to improve, incomes must be complemented by infrastructure. For close to at least five years now inclusive Growth has had a central place in the official discourse on the economy. The UPA II has itself worn its self-proclaimed success in delivering an inclusive Growth as a badge of its effectiveness, not to mention its...

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Anna, Ramdev join hands for Lokpal

-The Times of India Joining forces against the government, yoga guru Baba Ramdev and activist Anna Hazare on Friday said the duo will launch a nationwide campaign for a strong Lokpal and return of black money from May 1. The two leaders have also announced plans to sit on a day-long token fast in Delhi on June 3.  "We need two movements to bring back black money and for a strong Lokpal....

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South Asia to receive average monsoon this year

-Reuters India may have average rainfall in 2012 despite fears the El Nino weather pattern may emerge in the second half of the season South Asia is likely to receive average monsoon rains in 2012, a global forum relied on by governments for forecasting said, erasing the possibility of any drought in the region and India, which is a major consumer and producer of farm commodities. "The region is likely to receive average...

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The Ghost’s In The Details, Ma’am-Aakar Patel

Arundhati has got it all wrong—the facts speak out against her romantic notions of the tribals’ fight Nirad C. Chaudhary wrote in The Continent of Circe that India’s tribals were mainly found in hill forests. This was because, he reasoned, they had been chased there by the invading Aryans, who displaced them from their river plains. In an essay published in this magazine (Capitalism: A Ghost Story, March 26), Arundhati Roy...

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