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...
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FDI Vs Tribes by Ajoy Ashirwad Mahaprashasta
THE Indian Bureau of Mines, in its Indian Minerals Yearbook–2005, notes that Chhattisgarh has 28 different types of minerals, with coal and iron ore being the most abundant. The Centre for Science and Environment (CSE), in its comprehensive book Rich Lands, Poor People: Is ‘Sustainable' Mining Possible?, says that around 16 per cent of India's coal reserves, 10 per cent of its iron-ore reserves, 5 per cent of its limestone...
More »“Agroecology outperforms large-scale industrial farming for global food security,” says UN expert
“Governments and international agencies urgently need to boost ecological farming techniques to increase food production and save the climate,” said UN Special Rapporteur on the Right to Food, Olivier De Schutter, while presenting the findings at an international meeting on agroecology held in Brussels on 21 and 22 June. Along with 25 of the world’s most renowned experts on agroecology, the UN expert urged the international community to re-think current agricultural...
More »Pulled by demand
Batten down the hatches? Pull out all the stops? It might be difficult to find the cliché that adequately emphasises the urgency with which the government needs to tackle inflation. The worry is not just that May inflation was in double digits (10.16 per cent). It is also a fact that prices of commodities other than food are now beginning to gallop. Inflation in non-food manufactured products (often referred to...
More »Bhopal gas disaster: 12-year-old attempts to 'summon' Anderson
A 12-year-old Indian-American activist tried to issue summons for Warren Anderson, former chief of Union Carbide over the deadliest 1984 gas disaster in Bhopal. "Today we are here to appeal to Warren Anderson and summon him to the Indian court where he has been charged with culpable homicide, which is the equivalent of manslaughter in America," Akash Viswanath Mehta said, standing outside a skyscraper on Park Avenue, which houses the law...
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