The food price inflation in India, measured by the wholesale price index of food items, touched a 10-year high for the week ended November 28, 2009 when it crossed 19% on point-to-point basis over the corresponding week a year ago. The cereal prices were up by about 13%, but pulses are up by 42%, and vegetables by 31%, although potato prices shot up by 102%. This is getting way beyond...

The melting of Himalayan glaciers has been a bone of contention between international environmentalists and the Government of India. The government believes that some perceptions of the international environmentalists are alarmist. Now a new global report has sought to set aside that controversy by measuring the rate at which the Himalayan glaciers are melting. (The report enclosed below) The Himalayan glaciers are melting faster than the global average and the rate...

Mamata Banerjee today asserted that land would not be taken forcibly for the dedicated freight corridors and multiple options were on the table to procure plots for other rail projects. “We will not take land forcefully for the dedicated freight corridor. We would negotiate and amicably settle the issue….what (is the problem) if there is a delay of four to six months,” the railway minister said during a debate on demands...

A professor in formal attire, driving his own Beetle to the sprawling Massachusetts Institute of Technology (MIT) campus and turning up in class to “open up visions of his students” — that’s how Bengal finance minister Asim Dasgupta remembers his teacher, Paul A. Samuelson. Samuelson, who helped form the basis of modern economics, died yesterday at his home in Belmont, Massachusetts, after a brief illness. He was 94. “He was a...

Climate change is posing a serious threat to communities in the Hindu Kush-Himalayan region, bringing both drought and catastrophic floods to hundreds of millions of people, according to a new United Nations-backed report. Food security, housing, infrastructure, business and even the survival of people living in mountainous regions and their neighbours in river basins downstream in the region are extremely vulnerable to climate change, it said. The publication was launched...