The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

Union Home Minister P. Chidambaram on Tuesday said it was a matter of concern that the police, prosecutors and judges were ignoring the guidelines issued by the Centre on handling of cases of crime against women. Responding to supplementaries during the question hour in the Lok Sabha, he said there were strict guidelines on how a case (crime against women) should be investigated and prosecuted. “I agree that the guidelines are...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

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,...

The UPA government has come under severe criticism for trying to hurriedly pass the Land Acquisition (amendment) and the Resettlement & Rehabilitation Bill during the ongoing Parliamentary session. Both the bills have been dubbed as anti-poor as their provisions are seen to promote forced dispossession of farmers’ land as well as large scale displacement of rural people. The haste with which the two Bills are being promoted could be assessed...