Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...

TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...

Humanity’s current voracious consumption of resources cannot be sustained, the United Nations Environment Programme (UNEP) cautioned in a new report today, warning that the world was already running out of cheap and sources of some essential materials such as oil, copper and gold. According to the report by UNEP’s International Resource Panel, by 2050, human beings could devour an estimated 140 billion tons of minerals, ores, fossil fuels and biomass per...

Some time before the Manmohan Singh regime imploded in the mass of corruption scandals that are currently regaling television audiences, Manish Tiwari, the Congress member of parliament and spokesperson, was participating in a televised programme on political parties and their attitudes to corruption. Someone asked why the Congress had given a parliamentary ticket to Mohammed Azharuddin, the former Indian cricket captain found guilty of match-fixing and banned for life from...