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Money vs. happiness -Raghav Gaiha and Veena S Kulkarni

-The Hindu Subjective well-being and income are intricately linked The question whether the rich are more satisfied with their lives is often taken for granted, even though surveys, like the Gallup World Poll, show that the relationship between subjective well-being and income is often weak, except in low-income countries in Africa and South Asia. Researcher Daniel Kahneman and his collaborators, for example, report that the correlation between household income and reported life...

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India performs miserably in war on inequality

-The Times of India NEW DELHI: India has been ranked 132 out of 152 countries in an index that rates countries by their commitment to reducing inequality. The first report edition of the index, released recently, showed that OECD countries headed by Sweden ranked the highest while Nigeria was at the bottom. The US had the highest level of inequality among developed countries, though it is the wealthiest country in history. Ironically,...

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Madhya Pradesh to devise Happiness Index -Nistula Hebbar

-The Hindu Ties up with IIT-Kharagpur to gauge happiness levels Happiness, its pursuit and examining its essential nature have been considered the domain of philosophy, an ephemeral rather than tangible value. The Madhya Pradesh government, however, has tasked the Indian Institute of Technology-Kharagpur with finding a quantifiable answer to that eternal question — what constitutes happiness and how happy are people really. The State government had, in July last year, set up the...

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India ranks a low 122 among world's happiest countries; Pakistan, Nepal fare better

-PTI Nations such as China (79), Pakistan (80), Nepal (99), Bangladesh (110), Iraq (117) and Sri Lanka (120) fared better than India on the ranking. India ranked a lowly 122 on a list of the world’s happiest countries, dropping four slots from last year and coming behind China, Pakistan and Nepal. Norway ranks as the happiest country in the world, according to The World Happiness Report 2017, which ranks 155 countries...

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The tragedy of the commons -Neha Sinha

-The Hindu The only way out for public policy for environmental damage is to place strong emphasis on individual and social cost of inaction Residents in the already polluted Capital experienced something of a turning point on Diwali. The belaboured, particulate-loaded air was further bombed with firecrackers. Some described the scene as a war zone with active shelling. People were angry not only because they could not physically breathe, but also because...

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