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...

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,...

Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing company, the dirt is still tumbling out. On Nov. 24, the country's Central Bureau of Investigation (CBI) released findings that show the alleged fraudulent accounting and embezzlement was far larger than originally thought. Raju and nine accomplices skimmed some $2.5 billion from the...

Several organisations working on issues surrounding HIV/AIDS on Monday made a vociferous demand for the immediate tabling of the HIV/AIDS Bill, 2009. The Bill was drafted and finalised in 2006 by the Union Health and Family Welfare Ministry after country-wide consultations with stakeholders and sent to the Law Ministry. From 2007 to October 2009, the Law Ministry released four drafts, each omitting several critical provisions aimed at promoting and protecting...

The former finance secretary and former indian ambassador to the General Agreement on Tariffs and Trade (GATT), S.P. Shukla, has demanded that the Special Economic Zone (SEZ) Act be repealed. Mr. Shukla was speaking at a national convention against SEZs organised at Gorai village on the outskirts of Mumbai on November 25 and 26. came together to resist the anti-people model of development that SEZs represented. Farmers, fishermen, labourers, activists, artists,...