Momentum suggests 9 per cent for the full year The overall Index of Industrial Production (IIP), which includes the three components of manufacturing, mining and electricity, grew at a pace of 10.3 per cent during October. This is lower than what was expected, but higher than the 9.1 per cent for September. With this, the April to October growth rose to 7.1 per cent, up from 6.5 per cent in the...

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...

In energy infrastructure alone, the transformational ambitions the Copenhagen meet is expected to set will cost more than $10 trillion in additional investment.  If negotiators reach an accord at the climate talks in Copenhagen it will entail profound shifts in energy production, dislocations in how and where people live, sweeping changes in agriculture and forestry and the creation of complex new markets in global warming pollution credits. So what is...

Corruption kills development and is one of the biggest obstacles to achieving the globally agreed targets to reduce poverty, hunger and other social ills by 2015, also known as the Millennium Development Goals (MDGs), United Nations officials warned today. “When public money is stolen for private gain, it means fewer resources to build schools, hospitals, roads and water treatment facilities. When foreign aid is diverted into private bank accounts, major...

Good nutrition is the nexus point where food security, public health and environmental protection meet.  As world leaders in Copenhagen struggle for an ambitious deal, let us not forget that it is the future of our children that is at stake. Hurricanes, floods, heat-waves and droughts wreak havoc when they strike, but in the desolation they leave behind it’s relatively easy to reconstruct a road or a house. A human...