India's annual greenhouse gas emissions increased by nearly 60% between 1994 and 2007, a government study says. The government says that emissions grew from 1.2bn tonnes in 1994 to 1.9bn tonnes in 2007, confirming India as one of the world's biggest emitters. India argues its per capita emissions are far lower than that of most industrialised nations. The jump is attributed to the growth of industries such as cement production, electricity...

A UN expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5% this year from around 12% last year. The UN Economic Social Commission for Asia and Pacific (Escap) also projected the economy to grow by 8.3% in 2010-11, compared to estimated 7.2% last fiscal, fueled by the recovery in investment and private consumption. “In India, consumer...

In an all-too-rare political consensus, India’s Central government and 10 states on Thursday decided to take a call in the following few weeks on reintroducing harsh laws that will severely punish hoarders in order to mitigate food inflation. A core committee comprising representatives of the states and the Centre, and led by Prime Minister Manmohan Singh, appointed three sub-groups to come up with a solution within 45 days. One of the...

A meticulously researched book by A. Vaidyanathan, Agricultural Growth in India: Role of Technology, Incentives and Institutions, is an illuminating scholarly work. Thinking about it one realizes the dismal and declining state of Indian agriculture and the poor governance at both Central and state government levels that has brought it to this sorry pass. A valuable compendium of data and analysis of Indian agriculture since Independence, it is a valuable...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...