Momentum suggests 9 per cent for the full year The overall Index of Industrial Production (IIP), which includes the three components of manufacTuring, mining and electricity, grew at a pace of 10.3 per cent during October. This is lower than what was expected, but higher than the 9.1 per cent for September. With this, the April to October growth rose to 7.1 per cent, up from 6.5 per cent in the...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th cenTury, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

"Draft treaty can be used as a starting point for further talks" Copenhagen: With climate change talks set to enter the crucial second stage here, India on Sunday rejected points in the draft treaty that wants all countries to cut emissions, agree to a peaking year and subject their mitigation actions to international scrutiny. With the official draft treaty circulated on Friday creating clear divisions among 194 countries, Environment Minister Jairam Ramesh...

Governments and people have to make choices about accepting new scientific developments into their daily lives. Many attribute high levels of objectivity and integrity to scientists, which is not true of many of them. Scientists have been known to manipulate results to their advantage. Scientific issues are often complex, there are differing views among scientists and the layman finds it difficult to decide which scientific course is harmful or beneficial....

Think environmentalists are stooges? You’re the unwitting recruit of a hugely powerful oil lobby.  The evidence of man-made global warming is unequivocal People behind climate denial campaigns know that their claims are untrue When you survey the trail of wreckage left by the climate emails crisis, three things become clear. The first is the tendency of those who claim to be the champions of climate science to minimise their importance. Those who...