-The Guardian The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches How they must bleed for us. In 2012, the world's 100 richest people became $241 billion richer. They are now worth $1.9 trillion: just a little less than the entire output of the United Kingdom. This is not the result of chance. The rise in the fortunes of the...
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34 dead due to unabated cold wave in north India
-PTI At least 34 more deaths were reported from Uttar Pradesh as cold wave conditions continued unabated in North, East and Central parts of the country, even as temperature soared slightly in some places. The national capital witnessed a chilly but sunny morning with the mercury rising a bit during the early hours. There was a shallow fog in the morning hours and the minimum temperature was recorded at 4.4 degree Celsius, three...
More »Two sides of a coin -Sitaram Yechury
-The Hindustan Times Some weeks ago, much before the gruesome gang rape and murder in the capital ruptured the country's conscience and forced our people out of their stupor to rise in widespread angry protests, The Guardian had posed the following question: "Of all the G-20 nations, India has been labeled as the worst place to be a woman. But how is this possible in a country that prides itself as being...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »India could face crippling heat waves -N Gopal Raj
-The Hindu THE SUNDAY STORY An analysis of the output from 18 different global climate models indicates that India’s average annual surface air temperature could go up by between four degrees Celsius and seven degrees Celsius by the end of this century. The warning signs are already out there. Global air and ocean temperatures have risen in response to human-driven emissions, particularly of carbon dioxide. Oceans have become more acidic and the...
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