Notwithstanding controversies, it passed several important judgments The year 2009 was eventful and memorable for the Supreme Court and Chief Justice of India K.G. Balakrishnan. The Court faced several controversies, the notable being the collegium’s decision to elevate Karnataka High Court Chief Justice P.D. Dinakaran as one of its judges. This controversy was preceded by a clean chit to Punjab and Haryana High Court Judge Nirmal Yadav in the Rs....
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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 »Bittersweet tidings by Ashok Gulati and Tejinder Narang
Sugar, to mix one’s metaphors, is heading for a perfect storm. And this is being made because of our own policies. By the year-end, retail prices of sugar in Delhi and Mumbai may cross the Rs 40 per kg barrier — an almost 150 per cent increase in less than 15 months. And no, you can’t blame climate change or monsoon failures for this. So, what triggered the sugar crisis? In...
More »Miss the wood for the trees by Sudhirendar Sharma
Age was no deterrent to his passion and determination. Till he lost to cancer on September 12, Nobel Laureate Norman Borlaug relentlessly fought his arch enemy, the rust fungus, which had engaged him since he first landed in Mexico in 1944 to breed shorter, straighter, stronger wheat which were to liberate the world from hunger over next decades. His brilliance of pulling India out of ‘ship-to-mouth’ existence is well known....
More »Rain batters South India, flood deaths go up to 194
Karnataka and Andhra Pradesh battled the fury of continued torrential rains and surging floodwaters Saturday, which claimed 194 lives and indundated vast swathes of land, rendering lakhs of people homeless. rescue efforts were intensified, with troops backed by Indian Air Force helicopters shifting marooned people in both states to safer areas. While 161 people perished in the heavy rains that battered 15 districts of Karnataka, 33 people were killed in neighbouring Andhra...
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