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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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Mischief Minister

-The Economist West Bengal’s populist chief minister is doing badly. Yet she typifies shifts in power in India BUYER’S remorse is common enough in the dusty markets of Kolkata, a delightful if crumbling great city, once known as Calcutta and still capital of the state of West Bengal. Those who buy cheap plastic goods or plaster-of-Paris busts of Rabindranath Tagore, Bengal’s cultural hero, may come to regret their haste. Likewise, many who...

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Microfinance institutions escape charge of abetting suicide of clients-M Suchitra

In 2010, Andhra Pradesh witnessed a series of suicides. These were not cases of farmers' suicides—a regular occurrence in the state which continues to be in the grip of an agrarian crisis. The victims in these cases happened to be the poorest of the poor; most of them illiterate dalits and adivasis. The first information reports (FIRs) of the police reveal that most of the suicides were due to coercive...

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Starving in India: A Scribe Tries to Save a Life-Ashwin Parulkar

Amit Kumar, an Indian journalist based in the eastern state of Bihar, received a tip in 2009 from a village called Manan Bigha just two kilometers away from his home. There was a man there dying from starvation, he was told. The situation was urgent. Mr. Kumar rushed off to visit the man, Kangresh Manjhi, and exhaustively documented his story. He learned how Mr. Manjhi, a lower-caste, landless laborer, was forced...

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Matching a measure to its meaning by Ashima Goyal

Statistics can abet illusions, unless properly understood and used. The debates on poverty line and budget deficits reflect a lack of understanding of the meaning and purpose of these measures. India has been recently witness to furious debates on measures of poverty and budget deficits. Any measure can be used only for the purpose it is designed for. The debates in the present cases were furious, because preconceptions and emotions were...

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