Recently there has been considerable media discussion about the issue of rise in prices of essential commodities and the problem of food inflation. In a country like India, where the cost of food forms major part of the monthly or daily expenditure incurred by an average family, this is a debate which acquires poignant significance. This is a government that came into power based on a concern for and commitment...

It is to counter the Danish draft that proposed tough action by developing countries Call for setting up of a Global Climate Fund The four emerging economies — Brazil, South Africa, India and China — have recommended the establishment of a mechanism to develop and transfer environment-friendly technology to developing countries, remove barriers in technology transfer and appropriately address issues of intellectual property rights. The BASIC draft proposed by these four developing...

Prime Minister Manmohan Singh on Thursday asserted that the Congress-led United Progressive Alliance government was committed to carrying out urban renewal and municipal reforms and promised more funds to help improve quality of life in urban areas by providing better civic amenities and infrastructure. Dr. Singh was addressing the National Conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here. The Prime Minister said the Ministries of Urban Development, and...

There are now one billion hungry people on the globe, United Nations Secretary General Ban Ki-moon said recently. A statistic that is shameful and shocking at the same time. The global financial crisis too has led to a dramatic rise in hunger across the world. Ban warned that the food crisis is a wake-up call for tomorrow since by 2050 the planet's population will be 9.1 billion people, over two billion more...

Change is the great constant of the world economy. India was still a colony when the allied powers shaped the international architecture at the end of World War Two. Today, India is a rising economic power that is contributing to world growth in new and powerful ways. Economic reforms in India and China, and the export-driven growth strategies of East Asia all contributed in the last 20 years to a world...