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Jharkhand: Economic Growth for Whom? by Girish Mishra

As far as natural resources like minerals, land and water are concerned, Jharkhand is among the richest States of India. Yet, its people are among the poorest. Mind you, almost 30 per cent of them are tribal. Out of the total population of 288.46 lakhs, 223.1 lakhs live in rural areas and only 65.36 lakhs are urban dwellers. Even a cursory glance is sufficient to convince that most of the...

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Cost-push element behind rise in food prices, says Pranab

“States should ensure effective public distribution system”  Fiscal deficit at 6.8 per cent of GDP a challenge Dip in exports due to low demand following economic downturn in foreign markets Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities. Speaking at the 109th...

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Outcome good, but not adequate: Pachauri

The outcome of the Conference of Parties at Copenhagen is “good” but not “adequate,” R.K. Pachauri, chairperson of the Inter-governmental Panel on Climate Change, said on Wednesday. Talking to reporters here, he said the Copenhagen Accord provided a framework for working out a binding agreement, incorporating the details of the specific commitments by all countries, especially the developed nations. But it did not address the extent to which the developed nations...

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Decade of debt-fuelled boom and bust by Larry Elliott

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...

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