-The Indian Express   Time to take the bolder steps, bring FDI to Small Towns When the GDP falls below 7 per cent, we need to start worrying. When it is less than 6 per cent, we must treat it as a crisis situation. Growth models show that the robust investment rates already achieved, and twice the productivity growth achieved in the 1980s and ’90s, will get us 8 per cent growth. This...

-The Economic Times It's not just India that is baking. Globally, this seems to be one of the worst summers in recorded history. The global average temperature for May was the second hottest ever since 1880 - the year records were first compiled -- US National Climatic Data Centre (NCDC) has said. Only 2010 witnessed a worse May.  The NCDC said such a hot May was never recorded in the northern hemisphere.  No...

The finance ministry has asked state-run banks to stop making payments to their customers through cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish economy.  In a circular issued to chairmen of public sector banks and regional rural banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...

-The Times of India The Rio +20 summit grabbed much limelight with its focus on sustainable development this month, but a smaller event held in Hungary threw the spotlight on another equally pressing aspect of development: the challenges of urbanisation. The growing footprint of cities could very well determine the future path of sustainable development. The conference organised by the Global Development Network, an international conglomeration of researchers and institutes comes at...

A narrow education is making engineers oblivious to the importance of human interaction and raising the cost of even simple tasks My time in South Asia has rewarded me with an enigma: why is engineering so expensive here? Why is it often many times more expensive than in Australia, my home? My search for answers led me to shanty towns on the fringes of mega-cities. We compared an award winning Indian factory...