EVEN AS BP battles to check the damage caused by the oil spill in the Gulf of Mexico, India is showing how far it is from recovering from its own worst industrial accident. A group of government ministers appointed to suggest remedies for the disaster in 1984 at Bhopal, in central India, made its recommendations on June 21st. It urged the government to step up its efforts to extradite Warren...
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“Too much representation, too little democracy” by Narayan Lakshman
Democracy and free market have fused into single predatory organism: Arundhati Roy MoUs with transnational firms resulted in tribals moving out of their lands: Arundhati Roy The problem of market externality poses systemic risks: Chomsky “What happens, now that democracy and the free market have fused into a single predatory organism with a thin constricted imagination that revolves almost entirely around the idea of maximising profit,” asked author Arundhati Roy at a...
More »India’s Woes Reflected in Bid to Restart Old Plant by Vikas Bajaj
“Wherever there is a lamp, there is darkness below it,” said Bava Bhalekar, a fisherman and local leader in this village roughly a hundred miles south of Mumbai. “The tragedy is that while our village has this project, we ourselves don’t have electricity.” “This project” is the power plant that Enron built. A decade after Enron withdrew from the project, the Indian government and two Indian companies are promising to...
More »Swaminathan’s concerns can’t be addressed: nutrition body chief by Jacob P Koshy
Sesikaran says Bt crop’s long-term effect on health can be studied only if it’s approved for commercial production Concerns raised by agriculture scientist M.S. Swaminathan, cited by the government as among the reasons to put a halt to the release of Bt brinjal, will be impossible to address, according to the head of a state-run laboratory. Swaminathan, 84, credited with the success of the Green Revolution of the 1960s that made India...
More »The Great Stabilisation
The recession was less calamitous than many feared. Its aftermath will be more dangerous than many expect IT HAS become known as the “Great Recession”, the year in which the global economy suffered its deepest slump since the second world war. But an equally apt name would be the “Great Stabilisation”. For 2009 was extraordinary not just for how output fell, but for how a catastrophe was averted. Twelve months ago,...
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