Environment minister Jairam Ramesh today said the use of sports utility vehicles and BMWs in India was “criminal” and called for changes in diesel pricing to discourage people from riding fuel-guzzlers. He said India’s SUV market was growing on subsidised diesel, the owners benefiting from the subsidies intended mainly to help farmers. “The growth of large-size vehicles like SUVs is a growth of concern.... The use of vehicles such as SUVs and...

We are a cash-rich company run by professionals,” says a smarmy 30-something Mumbai-based head of a leading real estate company. His company’s exponential growth in the span of just five years has raised eyebrows in industry and banking circles. The reasons are clear. The company is known to have tremendous clout in the corridors of power and with the builders’ lobby. It is backed by several important politicians in Mumbai and...

The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...

India will on Tuesday release its first assessment report on the impact of climate change on four sectors, including agriculture and water, in the country's four climatic hot spots like the Himalayas and the North East. "The first 4x4 assessment report will be released on November 16. Prepared by Indian Network of Climate Change Assessment, it will assess the impact of climate change on four sectors of the economy - agriculture,...

West Bengal's farmers switched to new scientific material called 'Poly Mulching' (made out of plastic) to protect crops. The North Bengal region has got some highly fertile agricultural land. But weeds, lack of proper sunlight, heavy downpour, soil erosion, seed germination and cold weather conditions often result in harming the crops and ultimately curtailing agricultural production. However, to protect crops from such problems, farmers have now found a suitable way by using...