Fifty thousand jobs? The U.S. economy has lost that many every week, on average, for a straight 140 weeks since December 2007. Now that the media's gush and drool over the Obama visit has run dry — thanks to other far more interesting events — it might be worth looking at a couple of ‘outcomes' that much of our media seemed pretty taken with.‘Twenty deals worth 10 billion dollars that create...

The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition.   There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...

Taxes on international flights, shipping and financial transactions, as well as a global carbon price of $20 to $25 may be key to annually mobilising $100 billion in climate funding by 2020, according to the United Nations high-level advisory group on climate change financing, which submitted its report in New York on Friday. At the U.N. climate summit held in Copenhagen last year, developed countries committed to a goal of jointly...

The case of the Food Security Bill gets curiouser and curiouser.  What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...

The minister for environment and forests, Jairam Ramesh’s order stopping Vedanta Aluminum Ltd and the Orissa Mining Corporation from mining bauxite in the Niyamgiri Hills to feed the company’s adjacent Lanjigarh aluminum refinery plant located in one of the country’s poorest districts in the name of tribal interest tends to miss the wood for the trees. It is based on the report of a four-member expert group under N C...