The cynics have a hierarchy on facts — lies, damned lies and statistics! But, modern economies live on numbers and economists love numbers. So, one must be deferential towards statisticians and statistics. Even so, India’s poverty numbers and their repeated re-engineering test one’s patience. It is possible to imagine that there would be as many estimates of poverty in India as there are estimates of it. So, one should not...

THE FLAGSHIP scheme of UPA II, the proposed National Food Security Act (NFSA), has become a policymaker’s nightmare. If suggestions by the Finance Ministry (reportedly at the instance of Congress President Sonia Gandhi) and the state governments are incorporated, the yearly food grain requirement would be close to 80 million tonnes. But considering food grain procurement in an average year is 40 to 41 million tonnes — half the amount...

Disability rights groups are up in arms against a Bill proposing an amendment to the Copyright Act, 1952, that prevents non-governmental organisations, educational institutions and persons with disabilities from converting reading material including textbooks and reference material into audio, digital and other formats that can be used by differently-abled persons. The amendment Bill, introduced in the Rajya Sabha this week, if passed in its current form, will prevent over 70 million...

India's annual food and fuel inflation quickened in the week to April 10, putting upside pressure on the headline inflation and central bank to take action before its next policy review in July. The food price index rose 17.65 percent in the 12 months to April 10, marginally higher than an annual rise of 17.22 percent in the previous week. The fuel price index rose 12.45 percent in the 12 months to...

The government is spending billions of dollars on welfare schemes, and plans even more this year. But that is news to Poona, whose daughter may soon die from that stain on India's growth story -- malnutrition. Poona, who married at 14 and breaks quarry stones for a living, shielded her daughter's sunken face from a harsh summer sun with her blue sari. She does not know Urmila's weight, but the...