Many projects for supplying water in Vidarbha remain on paper, though the money allotted is very real. Sarada Badre and her daughters have stopped their bi-weekly 20-km walking trips. That was their routine for a while. “The orange trees have withered and there's no water anyway,” says Saradabai at her home in Sirasgaon village in Amravati district. In theory, watering their 214 orange trees shouldn't be too hard. Though the nearby...
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A bad example from the US by Leena Menghaney
India has played a crucial role in making essential medicines available and affordable for patients in the developing world through generic drugs. This has been possible by linking India’s patent policies and laws to public interest. Similarly, policies that align public funded R&D in India with public health have the potential to provide incentives to the development of medical technologies (vaccines, diagnostics and medicines) crucial for treating neglected diseases like...
More »Earthquake adds to woes of a benighted country by Haroon Siddique
The earthquake that has hit Haiti, raising fears that thousands have been killed, is the latest in a long line of natural disasters to befall a country ill-equipped to deal with such events. Hurricanes and flooding are perennial concerns for the poorest country in the western hemisphere, which has time and again been dependent on foreign aid in emergencies. In 1963 hurricane Flora, the sixth deadliest Atlantic hurricane in history,...
More »Built on illusion by Jayati Ghosh
The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...
More »The Great Stabilisation
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,...
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