The Bt brinjal furore has brought to light a little-known government notification that plucked 190 species of plants out of the protective sphere of a law on biodiversity, triggering fears among some environmental groups that these biological resources may now be plundered with ease. The environment ministry had declared in the notification last year that the provisions of the National Biodiversity Act — India’s only legislation to protect its biodiversity —...
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Hard Times by Ashok Mitra
Food prices have shot up by more than 20 per cent in the course of the past 12 months. A vast proportion of the nation is being battered by the price rise — the fixed income group, the working classes, landless peasantry and small farmers who have to buy at least a part of the grains they consume from the market. There is, however, no upheaval among the suffering people....
More »Reform markets to tame food prices by Ashok Gulati and Kavery Ganguly
The food price inflation in India, measured by the wholesale price index of food items, touched a 10-year high for the week ended November 28, 2009 when it crossed 19% on point-to-point basis over the corresponding week a year ago. The cereal prices were up by about 13%, but pulses are up by 42%, and vegetables by 31%, although potato prices shot up by 102%. This is getting way beyond...
More »Shame of Bhopal, Real Test at Copenhagen
The world’s biggest industrial disaster took place in Bhopal on December 3, 1984 taking a toll of 20,000 lives and affecting 5.69 lakh people. The twentyfifth anniversary of that massive mishap at the Union Carbide plant in the city is being observed across the country today. That disaster is a crying shame for all our citizens. Why? For three reasons. First, the real culprit behind the mishap, the Union Carbide management,...
More »Satyam Computer Fraud Grows to $2.5 Billion by Nandini Lakshman
Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing company, the dirt is still tumbling out. On Nov. 24, the country's Central Bureau of Investigation (CBI) released findings that show the alleged fraudulent accounting and embezzlement was far larger than originally thought. Raju and nine accomplices skimmed some $2.5 billion from the...
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