-Al Jazeera Treaty to ban chemicals that harmed the ozone layer came about when there was consensus between science and politics. In 1974, chemists Mario Molina and Frank Sherwood Rowland published a landmark article that demonstrated the ability of chlorofluorocarbons (CFCs) to break down the ozone layer, the atmospheric region that plays a vital role in shielding humans and other life from harmful ultraviolet (UV) radiation. It marked the opening salvo of...
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Here comes the sun -T Ramakrishnan
-The Hindu Tamil Nadu’s Solar Energy Policy can go a long way in addressing the supply-demand mismatch The State’s solar initiative can draw on the strengths of its robust wind power programme Is the sun the answer to Tamil Nadu’s power crisis? With the unveiling of the Solar Energy Policy last week, Tamil Nadu joins the long list of States trying to find a way of harnessing this source of renewable energy...
More »‘Poor in India are ethical... we must lend more to the poor’
-ENS Economic Bureau At a time when companies such as Kingfisher Airlines and Suzlon Energy have defaulted on bank loans, finance minister P Chidambaram on Tuesday made a strong pitch for individual borrowers with low income, asking banks and financial institutions to not hesitate in giving loans to them. “The poor in India are not bad borrowers. The poor in India are not dishonest borrowers. The poor in India are ethical, honest...
More »True Progressivism
-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....
More »Untenable critiques sowing confusion on supposed ill-effects of retail FDI-Jagdish Bhagwati & Rajeev Kohli
-The Economic Times Retail sector liberalisation has been revived and included in Prime Minister Manmohan Singh's package of big-bang reforms announced recently. This was to be expected as an element of the package since the influential minister Jairam Ramesh, who has access to Sonia Gandhi and is identified with her NGO-dominated set of advisers whose knowledge of economics is outweighed by their enthusiasm, had already announced his conversion to retail sector...
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