-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...
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A third of all food produced globally is wasted: United Nations-Subodh Varma
One-third of food produced globally every year does not reach human mouths - it is either lost in transit or wasted by consumers themselves. This amounts to a staggering 1.3 billion tonnes every year. These chilling figures are contained in a report called 'Avoiding Future Famines' released by the United Nations Environment Programme at the recently held Rio+20 summit on sustainable development. Consumers throw away 222 million tonnes of food in...
More »Rapid privatisation has worsened health care services in poor and middle-income nations: study-Salma Rehman
-Down to Earth But public sector, too. needs quality improvement, say researchers from University of California What should cash strapped low- and middle-income countries do to improve access to health care? Should they strengthen the public health sector or the private sector? The question remains unresolved, but often funds are redirected from the public exchequer to the private health sector, even though, there is not enough data to guide policy. Recently, the...
More »Complex system of patronage, corruption blunts India’s efforts to help the poor out of poverty-Minhaz Merchant
-The Economic Times The Rae Bareli seat in Uttar Pradesh has been a Gandhi family bastion since 1967 when Indira Gandhi first stood for election from there. Sonia Gandhi adopted the constituency in 2004 and was re-elected with a huge majority in 2009. It should, therefore, be one of India's most developed districts. Right? Wrong. The Hunger and Malnutrition, or HUNGaMA, survey, released by the Prime Minister earlier this year, was...
More »Public Distribution System funds diverted to black market: Ex-SC judge
-The Times of India MARGAO: Claiming that there were allegations that 50 % of the central government funds meant for the Public Distribution System (PDS) were being diverted for black marketeering, Justice D P Wadhwa, former judge of the Supreme Court of India and Chairman of the Central Vigilance Committee on PDS, encouraged PDS dealers to open grocery shops as well to help them augment their income While addressing a public hearing...
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