The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...

-Live Mint This week marks the completion of six years of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Six years is not a long period of time for any meaningful evaluation of a programme of such nature. However, even within this short period of time, the programme has attracted considerable attention. One part of this is the criticism of how the programme involved considerable leakages, did not create productive...

It would be grave folly to recoil from the N-option, our safest Nuclear Is Clear     The world needs cheap energy and, as of now, nuclear plants are the most efficient means to that end     Switching to fossil fuel sources will add to global warming. In extremis, the oceans could boil away.     The lesson from Fukushima is no worse than that tsunamis are a danger to everything in their path *** After the...

-The Indian Express   After days of discussion and disagreement at the UN Framework Convention on Climate Change in Durban, in a final spurt of energy, the conference of parties managed to make some tangible progress. The Durban meet was about laying the bedrock principles for future negotiations, rather than detailed plans of who will cut emissions and by how much. The 190 nations at the meet agreed to “develop a new...

U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...