India's economy grew at a faster-than-expected rate of 7.9% in the three months to September, compared to the same period last year. The growth was helped by government stimulus spending. A boost in manufacturing and services helped the country expand at the fastest pace for 18 months. Some analysts said this could give the central bank room to raise Interest Rates as early as December to combat rising inflation. "This data...
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Climate change - Promises, promises by Surjit S Bhalla
This has been a hot week for climate talks. The two laggards, China and the US, both departed from their no commitment stand to boldly announce the following: the US to reduce its carbon emissions by 17 per cent over 2005 levels, and China to reduce the intensity (CO2 emissions per unit of output) by 40-45 percent. Europe has already promised a 40 per cent cut in per capita terms....
More »Whither Rural India? by Kripa Shankar
The rural population is at present estimated at 85 crores. Ten per cent of the households are completely landless. Another 52 per cent have holdings of less than 0.2 hectare. The per capita agricultural land in the rural areas has come down to 0.12 hectare. According to the National Sample Survey, the annual income of an agricultural household from farming is less than Rs 12,000 and from all sources it...
More »Beating Retreat by Darryl D’Monte
It does seem that Environment Minister Jairam Ramesh chose an inopportune time — the eve of the crucial UN climate negotiations — to endorse the findings by a retired scientist that Himalayan glaciers have not been ‘retreating’ any faster than they have been for the past century. The study by V.K. Raina, a former Deputy Director General of the Geological Survey of India, has apparently not been peer-reviewed. No less...
More »Token gesture by V Venkatesan
TWENTY-ONE judges of the Supreme Court, including the Chief Justice of India (CJI), posted the details of their assets on the court’s website. The details of assets of one judge, Justice H.S. Bedi, have not yet been provided. Justice B.N. Agrawal, who retired recently, also provided the details of his assets on the website on special request. (The details are available at http:// www.supremecourtofindia.nic.in/assets.htm.) The court has claimed that the...
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