Growing numbers of elected representatives fund their poll campaigns with corporate backing. And growing numbers of people with a big business background have ventured directly into the electoral arena.  Corporate Affairs Minister Salman Khurshid’s call for restraint, however mild, on the CEO feeding frenzy at the compensation trough, seems the least objectionable statement made by a Minister in months. (Contrast this, for example, with the Agriculture Minister’s warning that people...

South Asia will be badly hit by declining crop yields stemming from climate change, a report by the International Food Policy Research Institute (Ifpri) has found ahead of a food security summit next month. Another study, released by the Food and Agricultural Organization on Thursday, also said that farm yields will be adversely affected by global warming. The Ifpri report—made public on Wednesday—analysed 32 crops and livestock commodities in 281...

NEW DELHI — When the United Nations convened its summit meeting on climate change last month, China and the United States, the two most important countries at the negotiating table, hewed to mostly familiar scripts, making promises without making too many specific commitments. Less familiar was the script followed by the third most important country at the table, India. India’s public stance on climate change is usually predictable — predictably obstinate...

India has suffered its worst drought since 1972, the official weather office said on Wednesday, with rains 23% below average at the end of the country's four-month monsoon season. "India's 2009 monsoon rainfall has been the worst since 1972," said a spokesperson for the Meteorological Department, P K Bandhopadhyay. In 1972, monsoon rainfall was 24 percent below average, he said, while other bad years such as 2002, 1987 and 1979...

The spectre of inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down as and when that happens. But...