-The Hindu Business Line The mythology of free trade being a force for economic progress remains entrenched in world politics Globalisation has created a unique spectator sport, where political dignitaries periodically gather at carefully chosen venues for days of deliberation over humanity’s most consequential problems. It is a spectacle at which ‘civil society’ — as the new force in world politics is called — is granted a tent of its own, financed...

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

-The Telegraph Nearly 200 countries this evening reached a climate accord that some analysts have called a "turning point" in human history designed to drive the world towards 100 per cent clean energy. "It's a compromise... but it is a historic accord for the world," said Laurent Fabius, the president of the Paris conference of parties and the French foreign minister. "Our responsibility to history is immense." But others have warned that the...

-The Telegraph Paris: Rich nations led by the US have ensured that a key UN-mediated loss-and-damage mechanism to counter the effects of global warming would lose its teeth in the climate-change agreement expected to emerge here next week. The draft agreement, released today, has the words "compensation" and "liability" deleted from the text, nixing the possibility of holding the developed nations accountable for climate change-triggered disasters and forcing them to pay damages. The...

-The Times of India NEW DELHI: The World Trade Organization's (WTO's) draft declaration for next month's ministerial meeting in Nairobi made no mention of finding a permanent solution to India's concerns on food security, but promised to "address all aspects of agriculture reform as a matter of priority". The first draft for the meeting in mid-December, however, did take note of the failure of the WTO membership to reach an agreement on...