-Outlook Nobel laureate Joseph E. Stiglitz is one of the world’s leading economists. A former chief economist at the World Bank and currently University Professor at the Columbia Business School, he was recently in India to attend an international conference on development and to promote his new book, The Price of Inequality. He spoke to Pranay Sharma about growing inequality in the world and the challenges facing India. Excerpts: * Your coinage,...

-The Times of India In a significant moment for UPA-II's plans to make cash transfers a reform motif and a pro-poor vote hook, Prime MinisterManmohan Singh and Congress chief Sonia Gandhi will hand out Aadhar number 21 crore in the Rajasthan village of Dudu on Saturday. Situated some 60-odd km from Jaipur, Dudu will be the stage for the launch of a scheme integrating benefits like rural employment guarantee, pensions and state...

-The Hindu Intelligent management of ecosystems can help to turn local economies around and give destitute households a chance to increase their incomes Protecting biodiversity is humanity’s insurance policy against the unprecedented biodiversity loss and ecosystem degradation which has occurred in recent decades, undermining the very foundations of life on earth. This is why this week’s 11th Conference of Parties to the Convention on Biological Diversity in Hyderabad, which India is hosting, is...

-The Hindustan Times The industries opened up to foreign investment in the past 20 days produce less than a tenth of India's national income. On the face of it, this number is too small to justify the opposition to foreign direct investment (FDI) in supermarkets, airlines, insurance and pensions. Or the government's resolve to open these businesses to foreigners with or without majority control. The picture changes when you see how fast...

-Outlook Amid furore over FDI in multi-brand retail, the politicians and farmers in the leading agrarian state of Punjab are speaking in different voices over the issue. While Chief Minister Parkash Singh Badal said the concept may be successful in developed countries like USA, he feared that it may not work in this country. "If the FDI comes, big players will eat into the share of small traders and that will be against...