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,...

Roads “as smooth as Hema Malini’s cheeks” was a promise that Lalu Yadav had once given to the people of Bihar. Ironically, it is his rival Nitish Kumar who seems to be delivering on that front. Despite three years of Floods followed by a year of drought, ‘backward and benighted’ Bihar reports a miraculous figure: 11% GDP growth, second only to Gujarat. The state’s economy has never grown so fast...

Kabul (Reuters): Dozens of Indian labourers have been forced to take refuge in a Sikh temple in Kabul after job agents who promised lucrative jobs in the unstable capital disappeared, leaving the men penniless and without passports. Billions of dollars in western military contracts have turned Afghanistan — long a source of refugees fleeing chronic conflict — into an unlikely magnet for migrant workers willing to risk their lives for a...

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...

India achieved the distinction of being the second fastest growing economy amid the global recession in 2009, but the joy was marred by the decade’s sharpest rise in food prices to the chagrin of common man. For a country that continued to lose on its exports throughout the year that has gone by, economy achieved a remarkable growth of about 7% (during April- September 2009) on the back of focused government...