In just over a week, world leaders will gather in Brazil for the Rio +20 Summit to decide what kind of future we want. Twenty years after the original earth summit, the theme is the green economy in the context of sustainable development and poverty eradication.  Why is the conference important and why the aspirations for a 'green economy'? A green economy is one that results in improved human well-being and...

India is setting up a Rs.5,000 crore credit guarantee fund to facilitate easy education loans to needy students by providing protection against defaults to banks. The move was endorsed at a meeting of the Central Advisory Board on Education (CABE), the highest education advisory body to the government that comprises academicians, industry experts and state education ministers, human resource development (HRD) minister Kapil Sibal told reporters Wednesday. “CABE members endorsed the initiative to...

Yet-to-be-made public report dismisses environmental concerns The high-level committee set up by the Union Ministry of Environment and Forests (MoEF) to study the socio-economic and ecological impacts of the proposed bauxite mining in Andhra Pradesh’s Visakhapatnam district has submitted its final report  favouring mining. The committee concludes mining will not have any significant negative impact on the ecology. At the same time it recommends settling all claims under the Forest Rights...

Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...

Friday's murder of Brahmeshwar Singh, chief of the outlawed Ranvir Sena (a private army owing allegiance to the powerful upper caste Bhumihars) in Bhojpur, 71 km from Patna, could become a major test for the seven-year-old Nitish Kumar government's continued ability to maintain social harmony in Bihar. Within hours of the killing in the early hours, Singh's supporters went on the rampage, upsetting the delicate caste equilibrium in south Bihar,...