Is Bihar on steroids, boosted by an excessive stimulus of dramatically higher public outlays than ever in the past? Like all stimulus, does it also bear the danger of slumping back when it is withdrawn? Is the widely acclaimed growth turnaround a durable and sustainable one? These are among the many issues, which are currently being debated. But first the facts. Bihar is the best turnaround story that the country has seen...

Indian geologists who had two months ago accused a UN climate science agency of misleading the world with alarmist predictions about Himalayan glaciers have now said they stand vindicated. The Intergovernmental Panel on Climate Change has launched an exercise to find out how its fourth assessment report issued nearly three years ago contained a prediction that most of the Himalayan glaciers would disappear by 2035. “We’re looking into it. We’re...

Union Minister of State for Environment and Forest Jairam Ramesh on Sunday said a nation-wide Comprehensive Environmental Assessment found that 88 industrial clusters were critically polluted. Out of these 88 clusters, 8 are in Maharashtra including Tarapur and Chembur. The environment Ministry will not give clearance to any industry in these 88 clusters unless Action Plan is prepared and implemented to improve the environment in these areas, said Mr. Ramesh,...

The window of carbon trading has opened a new means of earning for those cutting down on their carbon footprints. Those contributing more to the emission of green house gases, purchase carbon credits earned by those who cut down on this front. This helps in achieving the end result of bringing down the global emission level to the desirable level. Bihar too is on way to join the club of...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...