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...

Referring to China in 1947, Nehru declared, “A new star has risen in the eastern horizon,” and some years later predicted, “If you peer into the future, the obvious fourth country in the world is India.” One of the countries he had in mind has disappeared, and he did not imagine that the emergence of India and China on the global stage would lead to mutual friction. The Chinese are...

Union Home Minister P. Chidambaram on Tuesday said it was a matter of concern that the police, prosecutors and judges were ignoring the guidelines issued by the Centre on handling of cases of crime against women. Responding to supplementaries during the question hour in the Lok Sabha, he said there were strict guidelines on how a case (crime against women) should be investigated and prosecuted. “I agree that the guidelines are...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

A mega conference that may determine the future of the planet opens in Copenhagen tomorrow amid widespread fears that years of labyrinthine, almost tortuous, negotiations won't yield what science demands. An estimated 15,000 delegates from 192 countries are expected to converge at the 15th UN Climate Change Conference to finalise a set of strategies to reduce or limit emissions of Earth-warming greenhouse gases [GHG] in the period beyond 2012. But...