There is much about Dubai that is artificial and based on illusion: the man-made islands designed to represent a map of the globe; the indoor ski slope in the midst of desert; the incredible hotel with glass walls looking onto a sea aquarium mimicking the surrounding ocean. Dubai had also become synonymous with excess: building the tallest tower in the world and the biggest and most expensive luxury hotels, residences,...
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Domino effect on commodity trade by Nidhi Nath Srinivas
Real estate may be the epicentre of Dubai’s debt crisis, but it is the Indian commodity trade that will feel its aftershocks for months to come. Two reasons make Dubai important to Indian companies. One, Dubai is the hub of most-traded commodities, from pearls, gold and diamonds to tea, cotton, basmati and sugar. Crucially, it is gateway to west Asia. All the top players in the region, especially Gulf Cooperation...
More »Bhopal's economy was stalled by the 1984 gas leak by Jorn Madslien and Ben Richardson
Twenty-five years ago this week, a gas leak at a Union Carbide chemicals plant in Bhopal released 40 tonnes of poisonous gases over the Indian city, killing thousands and injuring tens of thousands. To this day, many of the survivors live in crowded shacks in the slums that line the old factory walls. The people here are not the only ones who have been affected, however. The leak, which is often...
More »A fair food deal for all by Arjun Sengupta
The Indian economy is picking up and should be able to expand at eight to nine per cent. It is high time that the government initiates a universal public distribution system covering at least the essential commodities. Incomes of the rich will go up and India will be a major player in the world when it revives. But the bulk of the population, about 70 per cent, will remain poor with...
More »IFAD chief says climate change threat is very real by Gargi Parsai
Without crop varieties adapting to extremes of weather, feeding world population will be difficult Shortage of water resources will be one of the greatest problems NEW DELHI: “The threat of climate change and its impact on agriculture is real. We have evidence that by 2025 in some parts of the world including India, parts of Asia and parts of Africa, crop yields will drop from anything between 20 and 40 per cent...
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