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Climate on the farm

-The Indian Express IPCC report shows how land use affects climate change. It must not be used to target developing countries on global warming A report released on Thursday by the Intergovernmental Panel on Climate Change (IPCC) has concluded that better management of the world’s farms and forests is necessary to tackle climate change. Land use has always been part of conversations on climate change and activities like afforestation have held...

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UGC calls for VC selection system review

-The Telegraph 'The existing system of the HRD minister chairing the panel for selecting IIT directors was a bad practice' New Delhi: A panel of educationists set up by the University Grants Commission has found flaws with the existing system of selecting academic heads of institutes of higher learning and called for a review, implying that politicians should not be part of the process. The recommendations came in a report the four-member committee,...

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Why the Core of ex-CEA's Argument on India's GDP 'Overestimation' Stands -Prabhat Patnaik

-Newsclick.in After economic liberalisation, barring a brief hiatus, the growth rate has scarcely moved up compared with earlier, with manufacturing -- the sector that counts most -- often logging lower growth than before. The “gross domestic product” (GDP) is a concept rooted in an epistemic position which is intrinsically incapable of recognising the existence of a “surplus” in society. A simple example will make this clear. Suppose we have an agrarian economy...

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India staring at longest heatwave in 3 decades, monsoon relief unlikely soon -Chetan Chauhan

-Hindustan Times The Capital, which sweltered on its hottest June day in history on Monday (48 degrees Celsius) recorded as maximum temperature of 45.4 degrees Celcius at Palam in spite of a spell of light rain in the morning. Nearly two-thirds of India sizzled on Tuesday under a spell of a heatwave that is on course to becoming the longest ever as scalding temperatures killed four train passengers, drained water supplies, and...

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India lost over Rs.90,000 crore to trade misinvoicing, says GFI report

-Livemint.com * Of the total estimated revenue losses, approximately $4 billion was due to export misinvoicing and approximately $9 billion due to import misinvoicing * Almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from China New Delhi: India lost a staggering $13 billion, over Rs.90,000 crore, to trade misinvoicing, equivalent to 5.5% of the value of the country's total revenue...

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