Making a virtue out of the inevitable would appear to be the way forward in climate change negotiations. After the US agreed to reduce aggregate emissions 17% over 2005 levels by 2025, and China agreed to reduce the carbon intensity of its growth (emissions per unit of output) by 40% on a voluntary basis, there is pressure on India to place its own emission reduction targets. India should oblige. It...
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A fair food deal for all by Arjun Sengupta
The Indian economy is picking up and should be able to expand at eight to nine per cent. It is high time that the government initiates a universal public distribution system covering at least the essential commodities. Incomes of the rich will go up and India will be a major player in the world when it revives. But the bulk of the population, about 70 per cent, will remain poor with...
More »Rates of reform
One of the standout features of the monetary stimulus in India has been the wide divergence between the RBI’s policy rates and the actual lending rates of banks — the latter haven’t fallen nearly as much as the RBI would have liked. On Wednesday, Governor Subbarao ticked Indian banks off for the stickiness and non-transparency in lending rates and urged them to get out of the mindset which has led...
More »Promote docket inclusion: K.G. Balakrishnan by J Venkatesan
About 1.7 crore cases were disposed of in 2008 by 14,000 judges in the country, Chief Justice of India K.G. Balakrishnan said on Wednesday. “About 1.8 crore fresh cases had been filed in courts in 2008, … reflecting a steady increase in the rate of institution of fresh proceedings over the years. Against this, approximately 14,000 judges disposed of 1.7 crore cases in 2008, demonstrating a disposal rate of 1,200...
More »If words were food, nobody would go hungry
“THE world’s attention is back on your cause.” That was Bill Gates talking to agricultural scientists gathered recently to honour the late Norman Borlaug, father of the Green Revolution. The tycoon-turned-philanthropist was right. This week, the world—in the guise of 60-odd heads of state including the pope—held the first United Nations food summit since 2002. As the world’s attention turns from the receding financial crisis, it is switching to one...
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