Increase in Food Prices has driven more than 44 Million People into Poverty – World Bank

Rising food prices have driven an estimated 44 million people into poverty in developing countries since last June as food costs continue to rise to near 2008 levels, according to new World Bank Group numbers released ahead of the G20 Meeting of Finance Ministers and Central Bank Governors in Paris. “Global food prices are rising … Continue reading “Increase in Food Prices has driven more than 44 Million People into Poverty – World Bank”

World Bank releases report on localized generation and distribution of power in Rural India

Studies from rural Maharashtra show such a model can provide substantial economic gains to rural consumers A new World Bank Report says decentralizing power generation and distribution to the local level through the distribution grid of the state utility by using renewable energy sources will help reduce prolonged outages and increase electricity supply in rural … Continue reading “World Bank releases report on localized generation and distribution of power in Rural India”

Wellness Tourism in India – Growth, Accredition and Prospects discussed

Union Minister for Tourism Shri Subodh Kant Sahay has called for developing quality tourism infrastructure at identified tourist destinations and circuits through convergence of resources of various union ministries and State Government. Inaugurating a national workshop on promotion of wellness tourism in Delhi yesterday he said wellness tourism is a global trend for the health … Continue reading “Wellness Tourism in India – Growth, Accredition and Prospects discussed”

Combating Poverty in a Market Driven World conference held in Mumbai

An international conference, ‘Combating Poverty in a Market-driven World’, was organised in Mumbai. The two day conference saw speakers from different geographical and work space discussing passionately about the theme of the market and poverty alleviation. “Are we driven or are we drivers” asked Prof J. Mohan Rao, Professor of Economics, University of Massachusetts, USA, in … Continue reading “Combating Poverty in a Market Driven World conference held in Mumbai”

Unleashing the Potential of Renewable Energy in India – World Bank Report

A new World Bank report says developing indigenous renewable energy sources which have low marginal costs of generation are more economically viable in the long run.  Renewables can play an important role in increasing India’s energy security by diversifying supply, reducing import dependence and mitigating fuel price volatility. The Report Unleashing the Potential of Renewable Energy … Continue reading “Unleashing the Potential of Renewable Energy in India – World Bank Report”

The Economic Crisis and the State of Economics – Book Review

By A Karunagaran Shri A. Karunagaran is Assistant Adviser in the Department of Economic and Policy Research of the Reserve Bank of India. The Economic Crisis and The State of Economics Edited by Rober  Skidelsky and Christian Westerlind Wigstrom. Macmillan Publishers. Buy it on Flipkart.com for Rs 2582 here …Good economists are scarce because the gift … Continue reading “The Economic Crisis and the State of Economics – Book Review”