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For richer, for poorer-Zanny Minton Beddoes

-The Economist Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable, says Zanny Minton Beddoes IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux...

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Untenable critiques sowing confusion on supposed ill-effects of retail FDI-Jagdish Bhagwati & Rajeev Kohli

-The Economic Times Retail sector liberalisation has been revived and included in Prime Minister Manmohan Singh's package of big-bang reforms announced recently. This was to be expected as an element of the package since the influential minister Jairam Ramesh, who has access to Sonia Gandhi and is identified with her NGO-dominated set of advisers whose knowledge of economics is outweighed by their enthusiasm, had already announced his conversion to retail sector...

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The dark underbelly of India’s clinical trials business-Malia Politzer and Vidya Krishnan

-Live Mint Incidents at Bhopal and Indore highlight irregularities and ethical violations in some trials In 2004, doctors at the Bhopal Memorial Hospital and Research Centre (BMHRC), established exclusively for treating the victims of the 1984 gas leak, recruited unsuspecting survivors for clinical trials without their knowledge or consent; 14 participants died during the course of the trials. Together with the episode in Indore’s Maharaja Yashwantrao Hospital (that Mint reported on 10...

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Include the poor in biodiversity conservation -Lise Grande

-The Hindu Intelligent management of ecosystems can help to turn local economies around and give destitute households a chance to increase their incomes Protecting biodiversity is humanity’s insurance policy against the unprecedented biodiversity loss and ecosystem degradation which has occurred in recent decades, undermining the very foundations of life on earth. This is why this week’s 11th Conference of Parties to the Convention on Biological Diversity in Hyderabad, which India is hosting, is...

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Plan panel to have discretionary powers on release of funds to States -Aarti Dhar

-The Hindu Giving itself discretionary powers on release funds to States under various Central schemes, the Planning Commission has decided to restructure 16 Centrally Sponsored Schemes (CSS) into Additional Central Assistance (ACA) Schemes. The new funding pattern will be effective from 2013-14. While restructuring the CSSs will give more flexibility to the States to utilise the funds, it will also give the Planning Commission absolute control over the quantity of money to...

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