-The Economic Times Nobel laureate and professor of economics at Harvard UniverSITy, Amartya Sen believes developed world policies are worsening the global crisis and leaving emerging economies exposed. During an interaction with the press, he also said the recent rupee depreciation needs to be viewed holistically and is not necessarily a 'train crash'. Excerpts: What is your assessment of the current global SITuation? I think the global SITuation is pretty bad...

A 30-year-old labourer was killed and more than 20 were injured on Wednesday when villagers protesting the Posco steel project clashed with a group of labourers hired by a contractor near the Posco project area of Jagatsinghpur district. The clash occurred near Bosecalis Point at 1.30 pm when anti-Posco villagers came face-to-face with 60-70 labourers of Paradip Paribahan, a private firm that is constructing a 12-km coastal road to link Paradip...

It is clearly the absence of political will rather than a paucity of ideas that is responsible for the country's agrarian crisis. EXACTLY seven years ago this month, the Commission on Farmers' Welfare, appointed by the government of Andhra Pradesh, submitted its report to the then Chief Minister, Y.S. Rajasekhara Reddy. His Congress government assumed office earlier that year replacing the Telegu Desam Party regime led by N. Chandrababu Naidu, which...

-The Economic Times Finance minister Pranab Mukherjee has said he had directed three institutions - NIPFP, NIFM and NCAER - to come out with a defendable assessment of the quantum of black money stashed away by Indians in foreign banks. Replying to the discussion on the adjournment motion moved in the House by BJP veteran LK Advani on "the SITuation arising out black money depoSITed illegally in foreign banks", Mukherjee declared...

-The Indian Express Shanti Bhushan — Supreme Court advocate, Team Anna member, self-appointed representative of civil society and self-anointed crusader against corruption — stares at the prospect of having to speak for himself, and his son Jayant, again. An Uttar Pradesh government audit has resurrected the controversial Noida farmhouse scheme, whereby the Bhushans, along with others, had been allotted farmhouse plots at reportedly a fraction of the market rate. The audit...