Chhattisgarh announced a proposed investment of more than Rs 1,77,000 crore in the state. Until October 2008, it had signed over a hundred mous with companies like Jindals, Tata Steel and Essar. After a couple of months of this announcement, a bureaucrat heading the state environment regulatory body resigned. “Development is the preferred option, provided the carrying capacity is available. There cannot be a trade-off at the cost of the health...
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Food and agriculture: How to feed the world
IN 1974 Henry Kissinger, then America’s secretary of state, told the first world food conference in Rome that no child would go to bed hungry within ten years. Just over 35 years later, in the week of another United Nations food summit in Rome, 1 billion people will go to bed hungry. This failure, already dreadful, may soon get worse. None of the underlying agricultural problems which produced a spike in...
More »RBI survey sees lower GDP growth, higher corporate profits
The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...
More »Plastic Roads Offer Greener Way to Travel in India by Mridu Khullar
In the 1990s, Ahmed Khan’s company in Bangalore, India, churned out hundreds of thousands of plastic bags and other packaging material each month that eventually ended up as garbage. Now, he is in the business of scouring the city’s landfills and trash cans to reclaim some of that waste and pave the way to a more environmentally friendly enterprise. Mr. Khan, 60, is trying to solve two of the biggest...
More »Food dilemma: High prices or shortages
For a man who will inherit vast tracts of fertile farmland in Punjab, India's grain bowl, Jaswinder Singh made what seemed to him a logical career move -- he took a job with a telecoms company in New Delhi. "I can't go back to the village after an M.B.A. Delhi has more money, better quality of life. The job is more satisfying, and you don't depend on the weather or...
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