The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

Unfettered coal mining is causing unchecked underground fires that threaten human habitation and the environment, writes geologist Dr Nitish Priyadarshi. The haunting inscription that marks the gates of hell in Dante's Inferno could well be true for Jharkhand. For, the underground fires that have been raging in the coalfields of this state over several years are now beginning to engulf its thickly inhabited areas as well. An underground mine fire that has...

With global efforts to end child labour showing mixed results, United Nations agencies are urging greater action to achieve the goal of eliminating the scourge by 2016. The latest report by the International Labour Organization (ILO) says that if current trends continue, the 2016 target will not be reached and a renewed push to end child labour is urgently needed. As millions of people around the world focus their attention...

WTO Director-General Pascal Lamy told trade delegates in a fax on 12 May that cotton has become a “litmus test” for the “development dimension” of the Doha Round. At a recent review of the issue’s standing in WTO talks, some countries, such as Tanzania, alleged that no progress has been made since 2005. Leonce Kone, the trade minister from Burkina Faso - a cotton-exporting Least Developed Country (LDC) - joined Geneva-based...

WITH the introduction of short-term, high-yielding varieties of cereal and oil-seed crops, the cropping intensity has now reached almost 300 per cent in Punjab. Moreover, the intensive use of chemical fertilisers, insecticides and pesticides involve greater use of scarce groundwater resources. The water table has gone down alarmingly resulting in huge investment on installation of costly submersible pumps to draw water for irrigation. This does not auger well for sustainable...