-The Hindu FDI is a debt inflow or liability foreign exchange because the profits or returns it generates will have to be repatriated. Will FDI in retail, single brand, banking or insurance enhance our foreign exchange earning capacity? Do they bring technology to the economy? There is so much of talk going around in all circles regarding FDI. Politicians, for obvious reasons, speak a language of their own, driven by ulterior motives....
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Rich Economy, Poor Management -Pranab Bardhan
-Outlook Don’t blame globalization for inequality – but rather policies hijacked by a few Economic globalization in the sense of expansion of foreign trade and investment is, of course, somewhat anaemic, reflecting the impact of global recession, although still vigorous in the sense of continuous international transmission of technology, information, ideas and social media. But in the world of politics and policymaking a cold wind is blowing, dimming earlier enthusiasm for global...
More »The right alternative -Ridhima Gupta and E Somanathan
-The Hindustan Times The smog that nearly choked Delhi in November was caused due to the burning of post-harvest rice stalks in Punjab, Haryana, and western Uttar Pradesh. Every year, rice is harvested using combine harvesters, which leaves a residue in the field. Earlier, harvesting was done by hand and the people who worked on the fields would take out the stalks and use them as food for animals. This practice is...
More »Delhi chokes on Punjab smoke -Priya Yadav
-The Times of India CHANDIGARH: As Nasa satellite images over the past few days show, Punjab is literally on fire. In the images, the state is pockmarked with red dots which correspond to blazes deliberately lit by farmers to get rid of their paddy stubbles after harvest. It's an environmentally disastrous practice that the state government has shown little urgency in tackling. Among the fallout of this mass-burning is smog that spreads...
More »Meghalaya set for mining policy, but gaps remain -Esha Roy
-The Indian Express Imphal: After some 80 years of unregulated mining, mostly coal and limestone, the northeastern state of Meghalaya is set to adopt a mineral policy that aims to organise the lucrative sector and boost its performance. The state cabinet approved the Meghalaya Mineral Policy 2010 last month and it is due to be introduced in next month’s state assembly winter session for approval. The state government was forced to act...
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