The rapid growth of emerging economies has LED to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...

The government is thinking of bringing in a law that would allow the National Investigation Agency to probe cases of illegal mining. The proposal for arming the NIA with this power had come from the Prime Minister’s Office. Sources said the objective was to enable the Centre to break the “mining mafia”. If passed, the proposed legislation will also enable the government to scrap leases of companies engaged in illegal operations, like...

With khap-dictated honour killings threatening to become a trend, the Centre is mulling an ordinance to rein in the caste courts meting out extreme punishments to young couples who don't follow the diktat against marrying within the same gotra. The Centre has already discussed amendments to relevant laws -- Indian Penal Code, Indian Evidence Act and Hindu Marriage Act -- to deter village elders from holding kangaroo courts which call...

The recent allegations made are uncalLED for and can be seen as an attempt by bidders disqualified due to not fulfilling the tender requirements. Companies like Glodyne who have been crying foul did not even have an ISO certification to bid for the project and have faiLED miserably in states like Bihar to execute projects of nation building NREGA it took on. Other players included TCS and Aditya Birla Group...

State governments will soon have a greater say in the stand the central government takes on key issues in the ongoing talks for opening up goods and services market in global trade at the World Trade Organisation (WTO). The commerce department will hold regular consultations with state government officials on delicate issues such as safeguards to protect agriculture against indiscriminate imports and shielding sensitive industrial-goods sectors from competition, a commerce...