To its credit, the ministry under Jairam Ramesh is no longer the money-making racket it once was. But its activism often resembles regulatory overreach The decision by the Union ministry of environment and forests (MoEF) to give a conditional green signal to the $12 billion Posco steel project in Orissa is exquisitely timed. It will hopefully send out a strong signal that India continues to be open for business and environmental...

Foreign direct investment (FDI) rules in agriculture may be relaxed, albeit only in non-farm wasteland and degraded lands. The Union ministry of agriculture and the department of land resources under the ministry of rural development have given "in principle approval" to a proposal of the Department of Industrial Policy and Promotion (DIPP) to invite FDI for developing non-arable land through better technology into fertile and cultivable land. Currently FDI in agriculture is...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

Dramatic cuts in industrial emissions of the global warming greenhouse gases that threaten to drastically change Earth’s climate are achievable in both developed and developing countries at acceptable cost with the right policies, the United Nations reported today. In a series of studies, the UN Industrial Development Organization (UNIDO), an agency mandated to promote sustainable industrial development in developing countries, highlighted the need to combine energy efficiency, renewable energy and the...