India's economy may have been booming in recent years but so have the waistlines of those enjoying such dramatic Growth. As a result a country more usually associated with famine is facing an unexpected epidemic with 5 per cent of population 60 million people -- now morbidly obese. This has kept bariatric (weight loss) surgeons such as Muffazal Lakdawala busy fitting gastric bands and stitching stomach bypasses for India's political and business...
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Indian Activists Bring Anti-Coal Campaign to World Bank by Amanda Wilson
As leaders from two of the world's largest financial institutions, the World Bank and International Monetary Fund, met for annual meetings here Tuesday, a delegation of activists from India called on the World Bank to follow through with its proposal to dramatically cut funding for coal-burning power stations. Over the next few days, the delegation will travel from Washington to West Virginia where, in the heart of the Appalachian Mountains, activists...
More »Women Hung Out to Dry in Global Labour Market by Kanya D'Almeida
Amid policy battles over food production, energy resources and economic decline, one untapped natural resource that is guaranteed to boost production on a global scale has been stubbornly overlooked – the power of women in the labour force. According to the World Bank's 2012 World Development Report (WDR) "Gender Equality and Development", ensuring equal access for women farmers would increase maize yields by 11 to 16 percent in Malawi and 17...
More »Ministry approves proposal for UID-linked direct subsidy transfer by Surabhi Agarwal
The finance ministry has put its seal of approval on a proposal to directly transfer subsidies to the bank account of a beneficiary that is linked to her Aadhaar, or unique identification (UID) number. The government has previously articulated its desire to experiment with direct transfers to make its management of subsidies more efficient and ensure benefits actually reach the targeted people. In a notification issued on Tuesday, the finance ministry extended...
More »Reasons for inflation known, but no light at the end of tunnel by Ashok Dasgupta
Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...
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