Why is the government aggressively attacking and destroying inexpensive eco-friendly technologies and promoting pollution-friendly ones? Are we obliged to repeat all the mistakes that the West committed in its pursuit of economic growth? While it makes sense to corner First World countries into investing in eco- friendly technologies to control carbon emissions, as was attempted at Copenhagen, the stand of the Indian government that India cannot afford to enforce better...

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....

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...

Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

The Central Bureau of Investigation (CBI) on Thursday registered a disproportionate assets case against a senior IAS officer, presently posted in the Delhi Development Authority (DDA) as Commissioner, after raiding his residence and other places allegedly owned by him in the capital region. The investigating agency also claimed to have recovered huge assets disproportionate to his known source of income. The officer, Manoj Kumar Agarwal, 43, is posted as Commissioner...