Poverty

Rangarajan report: Why it cannot be completely written off

A panel headed by former PMEAC Chairman C Rangarajan has dismissed the Tendulkar Committee report on estimating poverty and said that the number of poor in India was much higher in 2011-12 at 29.5 percent of the population, which means that almost three out of 10 persons are poor.

As per the report, individualsĀ spending below Rs 47 a day in cities and Rs 32 in rural areas would be considered poor, much above the Rs 33-per-day mark for urban poor and Rs 27 for the rural poor suggested by the Suresh Tendulkar Committee.

Indians Shouldn't Have to Apologize for Profits

Firms must make the moral case for markets: Capitalism, not handouts, has lifted millions out of poverty.

Is profit once again a "dirty word" in India? The country's first prime minister, the Fabian socialist Jawaharlal Nehru, infamously dismissed private gain in those terms. Now a bill awaiting passage in India's Parliament suggests the country's government still clings to this qualmish view of business.