-The Business Standard New climate report means big changes to future agreements Two distinct features set the third report of the United Nations Intergovernmental Panel on Climate Change (IPCC) apart from its two earlier instalments. First, even as the report points out that governments have not done enough to curb, let alone reverse, the rise in the emissions of greenhouse gases (GHGs), it does not seek to instil a sense of despair....
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Real cure for Inflation headache: Fix rural infrastructure, process more food
-The Economic Times Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI)....
More »Winnowing fact from rhetoric: A look at what figures tell of UPA's regime-Maitreesh Ghatak
-The Economic Times There is a narrative that the UPA's rule at the Centre led to an economic disaster, especially in the second term. In contrast, Gujarat has prospered, thanks to Narendra Modi's good governance. We have several problems with this. First, through UPA's first term and about halfway into its second, many economic indicators critics like to harp on were much better than those during the NDA days. This is true...
More »Climate change pill: pool cars, eat local and save energy -GS Mudur
-The Telegraph New Delhi: An international panel today warned that the world hadn't done enough to curb greenhouse gas emissions but said that changes in lifestyles and energy technologies could yet help avert the most devastating impacts of global warming. The Intergovernmental Panel on Climate Change (IPCC), in a report released in Berlin, said greenhouse gas emissions had climbed to unprecedented levels over the past decade despite emission-curbing policies and actions by...
More »The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra
-The Business Standard The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...
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