After getting a earful about the proposed Areva nuclear reactor from disgruntled farmers in Jaitapur, Union Environment Minister Jairam Ramesh heard a sobering assessment of the Areva's Finnish reactor project — which is running four years behind schedule, with cost overruns hitting 2.7 billion euros — from that country's nuclear regulator. In a presentation made to Mr. Ramesh and a visiting Indian delegation in Finland earlier this week, Finnish regulator STUK...
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Basics of the debt demon by Devadeep Purohit
Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...
More »Migrants and minorities still vulnerable to discrimination at work–UN report
Migrant workers and minorities are among groups that continue to face discrimination in the labour market as a result of the global economic crisis, despite positive advances in anti-discrimination laws, the United Nations International Labour Organization (ILO) said in a report unveiled today. “Economically adverse times are a breeding ground for discrimination at work and in society more broadly. We see this with the rise of populist solutions,” said ILO Director-General...
More »Punjab, Star of India's Rise, Faces Steep Fall by Amol Sharma and Geeta Anand
TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...
More »Do natural disasters deserve more attention than man-made one’s? by Prasanth Menon
While, the threats of a nuclear fall-out, borne out of a tragedy that happened in the Fakushima Nuke Plant in Japan, started a debate about the positives and negatives of nuclear energy. The media completely ignored the protests and the cries that were being carried out (in fact, for the last 10 to 15 years) in Northern Kerala as well as Southern Karnataka to ban the Pesticide Endosulfan. Perhaps, after the...
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