Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...

New method finds India is 9 per cent poorer india is poorer than previously estimated. A revised estimation of poverty for 2004-05 using new methodology showed the number of people below the poverty line was 37.2 per cent and not 28.3 per cent, as estimated earlier. The new estimate took into account expenditure on food, basic health and education, unlike the earlier estimation based on per capita calorie consumption. The inclusions...

In a landmark verdict against the Supreme Court, the Delhi High Court on Tuesday held that the office of the Chief Justice of India comes within the ambit of the Right to Information law, saying judicial independence is not a judge's privilege but a responsibility cast upon him. The 88-page judgment is being seen as a personal setback to CJI K G Balakrishnan, who has been opposed to disclosure of...

What sets poverty in India apart is the effort that has gone into defining, measuring, recalibrating, contesting, recounting, refining and disputing its magnitude, nature and, at least, in the case of one protagonist, existence. This exegesis on poverty has been captured in a World Bank volume, The Great Indian Poverty Debate, published before the latest estimates by Prof Suresh Tendulkar kicked off yet another round of heated discussion on the...

The Centre on Monday partially blamed the ban imposed by the Uttar Pradesh government on processing of raw sugar for the sudden spurt in the sugar price, which had touched Rs. 50 a kg in Delhi markets, but could not say when the situation would ease. Speaking to journalists here, Union Food and Agriculture Minister Sharad Pawar said imported raw sugar was lying at the Kandla port for the last...