A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...

Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe...

Corporate governance codes work only where firms believe working in a legal, ethical and transparent fashion also means good business. It is not in dispute that good corporate governance is all about commitment of a company to run its businesses in a legal, ethical and transparent manner, and that the tone must be set at the top. But are companies in India convinced that good business is all about good corporate...

The Assembly elections saw the culture of “coverage packages” explode across Maharashtra. In many cases, a candidate just had to pay for almost any coverage at all.  C. Ram Pandit can now resume his weekly column. Dr. Pandit (name changed) had long been writing for a well-known Indian language newspaper in Maharashtra. On the last day for the withdrawal of nominations to the recent State Assembly elections, he found himself...

Member-states of the South Asian Association for Regional Cooperation (SAARC) on Tuesday agreed to make a separate statement as an entity at the Copenhagen meet on climate change in December. This was decided at the Delhi Statement on Cooperation in Environment that was adopted at the end of the SAARC Ministerial meeting here. Environment Ministers of seven SAARC countries parties participated in the meet while Pakistan was represented by its...