Momentum suggests 9 per cent for the full year The overall Index of Industrial Production (IIP), which includes the three components of manufacturing, mining and electricity, grew at a pace of 10.3 per cent during October. This is lower than what was expected, but higher than the 9.1 per cent for September. With this, the April to October growth rose to 7.1 per cent, up from 6.5 per cent in the...

James Hansen, world’s leading climate change expert, says summit talks are so flawed that a deal would be a disaster.  The scientist who convinced the world to take notice of the looming danger of global warming says it would be better for the planet and for future generations if next week’s Copenhagen climate change summit ended in collapse. In an interview with the Guardian, James Hansen, the world’s pre-eminent climate...

Around a third of India Inc’s investment plans are in states affected by Naxalism. Anyone who’s been reading Mahesh Vyas regularly, including his piece on today’s OpEd page, knows India Inc’s investment juggernaut has rolled on relatively unchecked, despite the global crisis, for the past five years. The investments on hand, the CMIE (Centre for Monitoring Indian Economy) chief’s calculations show, have the potential of increasing India’s GDP by 50 per...

Chhattisgarh announced a proposed investment of more than Rs 1,77,000 crore in the state. Until October 2008, it had signed over a hundred mous with companies like Jindals, Tata Steel and Essar. After a couple of months of this announcement, a bureaucrat heading the state environment regulatory body resigned. “Development is the preferred option, provided the carrying capacity is available. There cannot be a trade-off at the cost of the health...

The article presents the political and economic impacts of various kinds of natural and man-made disasters and associated displacement of populations, and argues for a wider and more inclusive definition of disasters in the interest of human rights, social justice and equity for the victims of disasters. Legislation, Disasters and People Numerous disasters at national and international levels have caused governments to recognise the need for rapid and effective response to provide...