-The Times of India There was no let up in bad news for the government on the economic front. Amid the debate over slowing economic growth, data released by the Central Statistics Office (CSO) on Tuesday showed Industrial Output fell 0.6% in December, posing fresh policy challenges. This is the second successive month of decline for factory growth which has remained anaemic due to a string of factors including high interest rates,...

-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-The Economic Times The environment ministry has simplified the procedures for granting clearances to special economic zones as it seeks to shed the anti-industry image. A recent order issued by the environment ministry states that the environmental clearance process for SEZs will now follow the system laid out for National Industrial and Manufacturing Zones under the National Manufacturing Policy 2011. Under the new system, the central and state governments will delegate power to...

-The Hindu THE SUNDAY STORY An analysis of the output from 18 different global climate models indicates that India’s average annual surface air temperature could go up by between four degrees Celsius and seven degrees Celsius by the end of this century. The warning signs are already out there. Global air and ocean temperatures have risen in response to human-driven emissions, particularly of carbon dioxide. Oceans have become more acidic and the...

-Live Mint High growth hasn’t led to more jobs  The years between 2004-05 and 2009-10 saw some of the highest rates of gross domestic product (GDP) growth for India. The problem, however, is that this high growth hasn’t led to more jobs. Employment elasticity—which is a measure of how employment varies with economic output—has come down dramatically. The Planning Commission says that employment elasticity has come down “from 0.44 in the first half...