“All these people who got MBAs made a mistake,” according to Jim Rogers, the commodities investor, at the Reuters Investment Outlook Summit last month. “The City of London and Wall Street are not going to be great places to be in the next two or three decades. It’s going to be the people who produce real goods in charge – the farmers and the miners.” With commodities up 42pc since the beginning...

At the Cancun climate change conference in December 2010, Jairam Ramesh, Union minister for environment and forests, raised the white flag of surrender when, departing from the prepared text, he declared, “all countries, we believe, must take on binding commitments under appropriate legal forms”. The minister thus signalled that India will give in to pressures from developed countries to convert its voluntary, nationally-determined mitigation actions into internationally-binding commitments in an...

There is more trouble in store for South Korean steel maker Posco’s Orissa project. Shoreline surveys have found the state’s coastline to be highly erosive. Worse still, 50%, that is 4.8 km of the 9.3 km coastline along the proposed captive port site at Jatadhari is eroding. This is likely to put a spanner in the works for the South Korean company, which has been insistent on a separate captive...

The CPM is planning to field a large number of women candidates in the forthcoming Assembly polls in Bengal in an attempt to fight anti-incumbency and stem the steady slide over the past few years. “We have asked all the Left Front constituents to ensure nomination of women candidates in a large number,’’ CPM Bengal secretary and Left Front chairman Biman Bose said after a coalition meeting this morning. Indicating that the...

When a group of 46 cooks in northern Gujarat—some of whom had been working for up to seven years—demanded full payment for their labour, they were threatened, beaten, then finally thrown out with little more than the clothes they were wearing. The group—which included women and children—were all migrants from a tribal region in southern Rajasthan. They walked for three days without food to get to the nearest train station,...