-The Economic Times Economic growth produces prosperity as well as garbage. The faster the economy grows, the more its people consume, and the more garbage they generate. When economic growth is sustained over a long period of time, garbage starts to pile up at a faster pace. Garbage just cannot be wished away even as some of us can move around it with eyes wide shut. It needs to be collected,...

-The Economist For the first time ever, the number of poor people is declining everywhere THE past four years have seen the worst economic crisis since the 1930s and the biggest food-price increases since the 1970s. That must surely have swollen the ranks of the poor. Wrong. The best estimates for global poverty come from the World Bank’s Development Research Group, which has just updated from 2005 its figures for those living in...

Drug smugglers and third-world dictators laundering ill-gotten wealth through secretive banking systems in tax havens is an anachronistic image from crime novels. Leveraging US' remarkable success in compelling tax havens to block terrorist financing, the G20/OECD have successfully persuaded tax havens to improve tax transparency and participate in an international regime of information exchange.  All tax havens have committed to OECD standards for tax transparency and are executing Tax Information Exchange...

Arundhati has got it all wrong—the facts speak out against her romantic notions of the tribals’ fight Nirad C. Chaudhary wrote in The Continent of Circe that India’s tribals were mainly found in hill forests. This was because, he reasoned, they had been chased there by the invading Aryans, who displaced them from their river plains. In an essay published in this magazine (Capitalism: A Ghost Story, March 26), Arundhati Roy...

-The Economic Times The ambitious Rs 2,242-crore National Dairy Plan phase-one (NDP-I) was launched on Thursday by Union agriculture minister Sharad Pawar at NDDB, Anand. The project aims to increase the productivity of milch animals and provide India's 70 million small-holder rural milk producers with greater access to the organised milk-processing sector. The official release says the new central sector scheme is a six year plan and would be implemented in 14 major...