Right time for policy reform The government is set to face disappointment on its expectation that the fertiliser subsidy will go down sharply this year due to a softening of international prices of fertilisers. It now appears almost certain that the total payable subsidy in 2009-10 may be around Rs 70,000 crore, against the budgetary provision of under Rs 50,000 crore. Since the government has made it clear that no additional...

Union Home Minister P. Chidambaram on Tuesday said it was a matter of concern that the police, prosecutors and judges were ignoring the guidelines issued by the Centre on handling of cases of crime against women. Responding to supplementaries during the question hour in the Lok Sabha, he said there were strict guidelines on how a case (crime against women) should be investigated and prosecuted. “I agree that the guidelines are...

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...

A mega conference that may determine the future of the planet opens in Copenhagen tomorrow amid widespread fears that years of labyrinthine, almost tortuous, negotiations won't yield what science demands. An estimated 15,000 delegates from 192 countries are expected to converge at the 15th UN Climate Change Conference to finalise a set of strategies to reduce or limit emissions of Earth-warming greenhouse gases [GHG] in the period beyond 2012. But...

Basic negotiating point is our low per capita income Between 1990 and 2005, emission intensity went down by 17.6 per cent NEW DELHI: India on Thursday announced 20-25 per cent carbon emission intensity cuts on the 2005 levels by 2020. This would be done through a series of measures including mandatory fuel efficiency standards for all vehicles, a compulsory green building code and switching over to clean coal technology. Following a four-hour...