The recent spike in world food prices has further widened the gap between the developed and the developing economies. While, over 70 per cent of the world's population resides in poor countries, it has access to less than 40 per cent of the world's resources such as water, irrigated land, power, etc. This is a result of inconsistent economic progress (post-colonialisation birth pangs), rampant population growth and distractions such as...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

ALMOST all the maladies afflicting the Indian mining industry have manifested themselves forcefully in the mineral-rich State of Jharkhand. Indiscriminate exploitation of natural resources, large-scale displacement of tribal people, and the rise of a mining lobby with immense political clout are only a few of these. Of course, in the last decade the State has also witnessed the rise of a number of people's resistance movements against displacement and environmental degradation...

THE Indian Bureau of Mines, in its Indian Minerals Yearbook–2005, notes that Chhattisgarh has 28 different types of minerals, with coal and iron ore being the most abundant. The Centre for Science and Environment (CSE), in its comprehensive book Rich Lands, Poor People: Is ‘Sustainable' Mining Possible?, says that around 16 per cent of India's coal reserves, 10 per cent of its iron-ore reserves, 5 per cent of its limestone...

The Orissa government today confirmed that at least 45 companies had been allowed to draw water from rivers, seeking to balance the demand for industry and that of farmers who fear their source of irrigation might dry up. The state government has so far signed memoranda of understanding with 86 companies, of which 45 have been given the right to draw water. Many of the companies deal in power generation, for...