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World Economic Situation bleak

This report is sure to come as a shocker for all those who thought the worst was over after believing that the recession is petering out. The recently released World Economic Situation and Prospects 2010 (WESP) of the United Nations (UN), predicts that the economic growth in the developing world will remain well below the pre-crisis pace of more than 7 per cent per annum. China’s and India’s economies are...

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No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan

It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...

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Coming water shortage

India could face a massive 50% water deficit by 2030, the biggest globally, says the recent report of the Water Resources Group (WRG).  Fortunately, the supply-demand gap could well be filled, with vision, proactive policy and only modestly higher sectoral outlays, it adds. The WRG, consisting of a panel of global experts, estimates the ‘water availability cost curve’ to meet the heightened demand at about $5.9 billion per annum, or...

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Notice (8): Trying to get property 'slug' of non-object [APP/Template/SearchResult/index.ctp, line 40]/kalyug-descent-into-darkness-by-colin-gonsalves-1204.html"> Kalyug: Descent into darkness by Colin Gonsalves

Between democracy and darkness stands the judiciary. It stands heads and shoulders above the judicial systems in Asia. But it is in rapid decline. Ahead is pitch darkness Colin Gonsalves, Delhi In the 61st year of the republic, surely, India has transited into Kalyug. Surveys of the Union of India as well as expert reports published by the Arjun Sengupta committee and the NC Saxena Committee appointed by the Central government...

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