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...

Replying to a question in the Rajya Sabha on farmers falling into a debt trap, the government came out with data that are startling. Rice farmers have suffered losses in all regions save Andhra Pradesh over three cropping years ending in 2006-07, with wheat farmers faring a little better. Even today, news reports suggest that farmers do not really gain much even as consumer prices go through the roof. This...

Beijing had to take some harsh steps to reduce pollution ahead of last year's Olympic Games in the city. As the countdown for the Commonwealth Games in Delhi begins, here's some bad news. Delhi and its surroundings have some of the worst polluting zones in the country, according to a list of India's severely polluted industrial clusters released by the environment ministry on Thursday. Ghaziabad takes the third rank in...

Every time inflation hits the headlines, the political blame game begins. This time too, as food prices soar, everyone in the ruling coalition and the government is passing the buck. It is possible that there is no one guilty party and a combination of factors, involving several actors, is responsible for the current price spiral. Of all the proximate factors, the most important appears to be expectations. Each time prices...

Well-known PR firms, professional designers, and ad agencies served the richer parties and candidates. They made up “news” items in the standard fonts and sizes of the desired newspapers and even “customised” the items to make them seem exclusive in different publications.  So you thought you’d had enough of Page 3? Newspapers in Maharashtra think otherwise. Some of them had more than one, on several days during the recent state...