Even as the media celebrate the Mercedes Benz deal in the Marathwada region as a sign of “rural resurgence,” the latest data show that 17,368 farmers killed themselves in the year of the “resurgence.” When businessmen from Aurangabad in the backward Marathwada region bought 150 Mercedes Benz luxury cars worth Rs. 65 crore at one go in October, it grabbed media attention. The top public sector bank, State Bank of India,...

No matter how tired we are in the course of a difficult day’s work, there is always the reassuring feeling that at the end of the hard work we’ll go back to sleep in the comfort of our home. But there are millions of people in our cities who simply do not have a home. The homeless of our cities suffer the most; yet they are the most neglected. No...

Chandrababu Naidu has managed to do outside the Andhra Assembly what he couldn’t within its four walls — train the national spotlight on the plight of farmers crippled by successive national calamities and inadequate compensation. The Telugu Desam president, who has been on indefinite hungerstrike at the new MLA quarters since Friday demanding higher compensation for farmers, was today forcibly taken into custody in the wee hours after a seven-hour drama...

The climate talks ended with uncertainty over the continuation of the Kyoto Protocol and no agreement on binding emission reductions. The difference between optimists and pessimists is that the optimists have more fun, joked Elias Freig-Delgado, a member of Mexico's Ministry of Finance Special CO{-2} Task Force and the working groups of the U.N. High-Level Advisory Group on Climate Change Financing. Mr. Delgado was speaking at the Forest Day meeting during...

Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...