A professor in formal attire, driving his own Beetle to the sprawling Massachusetts Institute of Technology (MIT) campus and turning up in class to “open up visions of his students” — that’s how Bengal finance minister ASIm Dasgupta remembers his teacher, Paul A. Samuelson. Samuelson, who helped form the bASIs of modern economics, died yesterday at his home in Belmont, Massachusetts, after a brief illness. He was 94. “He was a...

The near total political paralysis of one of India's largest states, Andhra Pradesh, over its proposed carve-up, raises fresh questions about how the world's largest democracy will handle questions of identity and territory in this young century. Telangana, the new state proposed, is not a fresh demand, but even as it seems closer than ever to materialising, it opens a Pandora's box in a vast country of over a billion...

The number of sex workers in the country may touch a whopping five million in just a few years, if the world's oldest profession is legalized as suggested by the Supreme Court, warn activists. Hearing a PIL by NGO Bachpan Bachao Andolan about large scale child trafficking, the apex court had last week said that if the trade can't be curbed through punitive measures, legalizing it would be a better...

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...

Climate change is posing a serious threat to communities in the Hindu Kush-Himalayan region, bringing both drought and catastrophic floods to hundreds of millions of people, according to a new United Nations-backed report. Food security, housing, infrastructure, business and even the survival of people living in mountainous regions and their neighbours in river bASIns downstream in the region are extremely vulnerable to climate change, it said. The publication was launched...