-The Indian Express Yet another depressing charade played out at Lima, Peru, where the 20th conference of the parties (COP) to the United Framework Convention on Climate Change (UNFCCC) concluded on December 14, with a 43-page negotiating text, with several alternative formulations for virtually every provision. It is unlikely that, within the deadline set by the Paris COP in December 2015, an agreed text will be negotiated, especially since Lima has...

-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...

-The Hindu Chennai: Tamil Nadu has sought increased role and greater fiscal autonomy for States in the new institution that will replace the Planning Commission. "It is our belief that a Strong Union can emerge only out of strong states and India's governance structure has to incorporate more federal features," Tamil Nadu Chief Minister O Panneerselvam said at a meeting chaired by Prime Minister Narendra Modi with Chief Ministers to discuss the...

-DNA It's a misconception that high economic growth translates into employment A recent report prepared by the consultancy firm PricewaterhouseCoopers for the Confederation of Indian Industry (CII) harps on the usual premise of boosting economic growth as the basis for job creation. Accordingly, it will still take 20 years to remove unemployment even if India grows at an annual growth rate of 9 per cent. This is exactly what we were...

-PTI NEW DELHI: India has showed some improvement in addressing corruption this year, ranking 85th among 175 countries as against 94th last year, graft watchdog Transparency International India (TII) said on Wednesday. Denmark retained its position as the least corrupt country in 2014 with a score of 92 while North Korea and Somalia shared the last place, scoring just 8, it said. In India's neighbourhood, China moved to 100th place, down from 80th...