If a country’s national income is rising, someone in the country must be getting richer. Unless income distribution is changing, all income classes must get richer at about the same pace. If a constant standard of living is defined to classify everyone below it as poor, then as incomes rise, the proportion of the poor so defined must shrink, eventually to zero. If income grows 5 per cent a year...

Workers who found jobs through temporary employment agencies were among the first to find themselves out of work as a result of the global financial and economic crises, according to a new United Nations report released today. The International Labour Organization (ILO) report noted that the largest number of temporary job losses was recorded in the manufacturing sector of developed countries, especially in the car industry. Spotlighting Germany, where between...

The government has decided to release data for manufactured goods in the wholesale price index (WPI) with a monthly frequency, even as data on primary goods and fuels would continue to be released every week. Further, the revamped WPI would cover about 900 items instead of 435 at present, and the base year is being brought forward from 1993-94 to 2004-05. These changes would make the price index more reliable...

Concerted efforts have been made to give a new lease of life to the Doha Round of WTO negotiations. The question before us is: what is the most relevant role which this revived round of trade talks can play? If we take an overview of the entire international trade scene and the changes that have taken place ever since the WTO was created (including the negotiations which preceded the WTO’s...

THE ongoing negotiations with the World Bank provide an opportunity to urban policymakers to reinvent the present form of JNNURM (called v1.0). Thus far JNNURM v1.0 has focused on upgrading macro-level dimensions of city’s environment, ignoring the social and economic diversity (e.g., mixed uses and building types) prevailing in urban areas. The top-down urban ‘renewal’ model underlying the present version of JNNURM is largely founded on the planning practices of...