In an effort to stem the tide of corruption and keep the builder lobby "on a tight leash", a number of checks and guards have been introduced in the new coastal zone regulations. But the one that is likely to cause much consternation among developers is the Centre's insistence that private companies undertaking any redevelopment of koliwadas (fishing villages) within 100 m of the coastline will come under the purview...

Also failed to notice how his predecessor misled the Prime Minister Communications and IT Minister Kapil Sibal might have termed the Comptroller and Auditor-General of India (CAG)'s calculation of loss to the exchequer from underpricing of 2G spectrum “utterly erroneous,” but he has completely ignored other scenarios presented by the auditor where new operators made crores by selling their stakes to global telecom giants or were themselves ready to pay more...

The debate on the climate negotiations, instead of discussing the nature of any policy shift, should define the national position and determine red lines for future negotiations. A new paradigm has emerged at Cancun. Instead of the multilaterally agreed emissions reduction targets of the Kyoto Protocol, there is now a shared target for all countries, where deep cuts in greenhouse gases are required according to science. Developed countries are to take...

The rapid growth of global markets has not seen the parallel development of social and economic institutions to ensure balanced, inclusive and sustainable growth. Although we may not have yet reached “the end of history,” globalisation has brought us closer to “the end of geography” as we have known it. The compression of time and space triggered by the Third Industrial Revolution —roughly, since 1980 — has changed our interactions with...

‘Akshardham, CWG Village on Yamuna bank shouldn't have got nod' Neither the Commonwealth Games Village nor the Akshardham Temple should have been allowed to be built on the banks of the Yamuna, according to Environment Minister Jairam Ramesh. He proposes to issue a River Regulation Zone notification to protect riverbeds from such harmful constructions in the future. “The manner in which the Yamuna riverbed has been devastated by constructions should be a...