BEFORE ANY debate starts, we must remind ourselves that India has a tendency of corruption. India, though a democracy, has a history of reported corruption cases. While the Chief Justice of India, KG Balakrishnan, has demanded that PM Manmohan Singh amend the RTI Act to ‘protect’ the judiciary from ‘intrusive’ queries, what needs to be kept in mind is that the proposed amendments will totally defeat the purpose of an...

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...

Once the world's wettest places, Cherrapunji is getting up to 20% less rain every year - and is suffering water shortages. Residents say their heavenly abode in the clouds is hotter and drier than ever before - and they blame it on global warming. Cherrapunji - or Sohra in the local Khasi language - is located in the West Khasi Hills of India's north-eastern state of Meghalaya. "Never were there very...

The recession was less calamitous than many feared. Its aftermath will be more dangerous than many expect IT HAS become known as the “Great Recession”, the year in which the global economy suffered its deepest slump since the second world war. But an equally apt name would be the “Great Stabilisation”. For 2009 was extraordinary not just for how output fell, but for how a catastrophe was averted. Twelve months ago,...

After three days of deadlock, the United Nations climate talks here are moving again, propelled by a quickly approaching deadline, the prospect of 130 world leaders in the same city, and “sustained pressure” by major developing countries, including India. With less than 24 hours left before the end of the summit, negotiators are back to working on both the Kyoto Protocol and long-term action draft texts. In other encouraging signs for...