Economic figures cannot be the sole narrator of a nation’s overall growth. The value-adding indicators are health and education – the non-income Human Development Index (HDI). The 2010 Human Development Report too presented that there has been very little correlation between economic growth and improvements in health and education, even after years. 
And countries with fairly low rank in economic growth have made much progress in the non-income HDI; Cuba and Palau have non-income development similar to the developed nations.
And countries with fairly low rank in economic growth have made much progress in the non-income HDI; Cuba and Palau have non-income development similar to the developed nations.
Look at the development index and it has a lot to do with the way things are done. If we measure what we do, we can manage the outcome up to a considerable extent. Superpower United States and Asia’s fastest-moving economy China, both have got their teeth into improving the education system. The ‘No Child Left Behind’ Act – introduced in the George W Bush regime – witnessed bipartisan support and set a “high challenging standard” for students. It also requires the states to provide “highly qualified” teachers. This two-pronged strategy also lays increased accountability on teachers.
China often faces criticism for heavy indoctrination of politics at school level, one of the many issues offsetting its many minor and major educational reforms over the years. According to a UNESCO report, between 1990 to 2000 China experienced the sharpest decline in literacy rates of any E-9 country. Today, its higher education reform, however, talks about relaxation of central control and to give universities autonomy to allow academia an upper hand in functioning of schools. It also plans to quit the dependency on a single test and adopt a thorough assessment of students using multiple tests and factors. Click here to read more...
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and one would quite obviously agree that the Business Processing Outsourcing (BPO) sector would be among the most affected. As they are already awake for most part of the night, it’s now time for them to wrack their brains even during the day – all to minimise the devastating impact of the crisis.
inherent mantra of the organizations and people worldwide, the technological advancements in the mobile broadband arena are being watched closely by the tech experts. Recently, Nokia Siemens Networks (NSNs) completed the multi-user field trial using the new Long term Evolution technology (LTE).
key pitfalls for Hillary Clinton & Mitt Romney and bouquets for their respective rivals, Barack Obama & Mike Huckabee. Obama’s triumph came after the costliest & most intensely fought campaign ever in the history of the Iowa. The year-long rivalry shaped a huge turnout that reflected the vigour and eagerness among Democratic voters strong-minded to recapture the White House in November. Whereas, in the GOP race, Huckabee, an Evangelical Neocon, used his folksy style to stitch together a loose alliance of Evangelical Christians & conservatives to beat Mitt Romney. Reacting on his victory, noted political analyst Vaughn Ververs told B&E, “Huckabee took advantage of a Republican party dispirited by an unpopular President & unexcited by their choices for a presidential standard-bearer.” Obama sailed to victory accompanied by a spectacular attendance of first-time caucus-goers, bagging roughly 38% of the vote in a race that drew 240,000 Democrats – about twice the GOP turnout.
to their discretion and sell their lungs to less deserving yet wealthy patients just for the lure of money… whereas the more needy patients keep waiting till it becomes too late. A scintillating example of the same is the black market in Tehran where kidney is tagged at a staggering price of $2,500-$3,750, when the same is available in the Institute for Kidney Patients, Delhi at almost half the price… and as if that’s not enough such corrupted commercialisation of organs is not even attempted to be kept a clandestine affair.
the only private buyer of the super-jumbo Airbus A380 or for the $20 million gifts he made to Harvard and Georgetown to expand their Islamic studies departments. He’s a man whose passion for capitalism moves far beyond just his $3.9 billion deal to buy Fairmont Hotel & Resorts, far beyond plain luxury! Want a proof? Well, he demonstrated his knowledge of what the stock markets are capable of when in February 2007, he listed his hotel holdings on the Dubai stock exchange. He further aims to get his primary investment group, Kingdom Holdings, listed on the Saudi exchange by end-2007. And what about his investments of $7.5 bn on December 4, 2007 which further increased his control in Citigroup to a commanding 4.9%, making him the largest controller of the $170.1 billion entity? A capitalst indeed!
package – affect a price hike in petroleum products, meet its burden by current provisioning and modify the existing subsidy scheme to target the poor. Yet, despite the fact that the mismatches between domestic prices and global oil prices can’t be tackled with the issuance of oil bonds, the government will issue bonds worth Rs.300 billion to compensate PSU oil firms for their losses. Exactly 21 months ago, in February 2006; the Committee on Pricing & Taxation of Petroleum Products headed by Dr. C. Rangarajan said that the issuance of oil bonds raises some fiscal concerns. “The off-balance sheet exposure of Indian government is more than 1% of its GDP and issuances of oil bonds are one of the biggest worry. Oil bonds will dent government finances badly, when they mature,” says Sachidanand Shukla, Economist, Enam. With the overall subsidy burden estimated to exceed Rs.1 trillion, issuing bonds to meet short term objective is certainly not the way out and aligning them to international prices is the only solution.