-The Times of India MUMBAI: In the last five years, over 28 lakh units of blood and its components were discarded by banks across India, exposing serious loopholes in the nation's blood banking system. If calculated in litres, the cumulative wastage of 6% translates to over 6 lakh litres —a volume enough to fill up 53 water tankers. India faces, on average, a shortfall of 3 million units of blood annually. Lack of...
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White paper on black money likely in budget session
-The Hindustan Times The government is drafting the framework of a “white paper” on black money that it is likely to present before Parliament in the forthcoming budget session. The white paper, however, is unlikely to disclose any names of individuals or entities, despite the opposition’s demand to make public the names of those who are found have to stashed money in banks in overseas tax havens, sources told HT. The finance...
More »Poverty and food insecurity rise in the US by Chris Arsenault
More than 2.5 million Americans fell into poverty last year, bringing the total number to its highest in 52 years. After touring food banks across Tennessee, Marcia Wells was not surprised by the latest statistics showing that more Americans are living in poverty today than at any time since the Census Bureau began first publishing the number 52 years ago. In the US, 2.6 million people fell into poverty last year, the...
More »Indians spend 25% of income on food, 1.5% on health, 1.4% on EMIs
Of Indian households’ total annual income, 0.22 per cent is spent on buying newspapers — that is, if total national household annual income was Rs 100, 22 paise would be set aside for newspapers. Paying off bank loans (expenditure under equated monthly instalments) takes up 1.4 per cent of total household annual income. The share of health expenditure is 1.5 per cent, and that of education expenditure, 3.21 per cent....
More »Watch them behave by Robert Skidelsky
From next year, on swearing allegiance to the Queen, all members of Britain’s House of Lords will be required to sign a written commitment to honesty and integrity. Unexceptionable principles, one might say. But, until recently, it was assumed that persons appointed to advise the sovereign were already of sufficient honesty and integrity to do so. They were assumed to be recruited from groups with internalised codes of honour. No...
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