AS YOU drive west from Baroda — Gujarat’s cultural capital — towards the coast, it is hard not to marvel at the smooth, fourlane Vadodara-Bharuch National Highway Number 8, which gets you there. The only signs that suggest one is not on cruise control in an SUV somewhere on an expressway in America are occasional roadside dhabas with Indian names and poor passers-by, clad in saris or dhotis. Dwarfed by...
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‘EU to resolve drugs seizure issue soon’
EU trade commissioner said it will soon resolve the issue of confiscation of Indian drugs being exported to developing countries. EU Trade commissioner Catherine Ashton said a team of customs officials from the European Commission will be in New Delhi shortly to discuss the issue. “We talked about this issue. Our commitment on pharma, on generics is to find a solution that works for India,” she said after a meeting...
More »World unemployment up despite economic recovery
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in many of the world's largest economies. Unemployment data typically lags other indicators of economic health as companies hold off adding staff in the early stages of a rebound. The upturns recorded recently in...
More »Global Report warns of impending violence and chaos
A UN Habitat publication warns that inequalities and worsening informal settlements (read slums) could lead to widespread violence and chaos in the cities and towns of the world. The newly-released report titled “Planning Sustainable Cities: Global Report on Human Settlements 2009” says that with almost 200,000 new dwellers flooding into the world cities and towns each day, there is an urgent need to check the mushrooming of such settlements. The...
More »Don’t uncork the bubbly yet! by Paranjoy Guha Thakurta
That the economies of Asia, in particular China, India and Australia, are responsible for whatever growth is currently taking place on the planet is now acknowledged and underlined by the West as well as by multilateral financial agencies like the International Monetary Fund (IMF) and the World Bank. The 3.5 per cent growth in the American economy in the July-September quarter has enthused many into believing that the worst of...
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