Change is the great constant of the world economy. India was still a colony when the allied powers shaped the international architecture at the end of World War Two. Today, India is a rising economic power that is contributing to world growth in new and powerful ways. Economic reforms in India and China, and the export-driven growth strategies of East Asia all contributed in the last 20 years to a world...
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Hunger: India worse off than Zimbabwe!
There are now one billion hungry people on the globe, United Nations Secretary General Ban Ki-moon said recently. A statistic that is shameful and shocking at the same time. The global financial crisis too has led to a dramatic rise in hunger across the world. Ban warned that the food crisis is a wake-up call for tomorrow since by 2050 the planet's population will be 9.1 billion people, over two billion more...
More »In reverse gear by MJ Antony
Judicial activism has faced several assaults from politicians and bureaucrats ever since the Supreme Court became affirmative. But the sad part is that it has had to also face onslaughts from within. When the public interest litigation movement was in its infancy, a bench of strict constructionists one morning brought up 10 questions that would have choked its growth in coils of conservative interpretation of the Constitution (Sudip Mazumdar vs Union...
More »Bye-bye Dubai? by Jayati Ghosh
There is much about Dubai that is artificial and based on illusion: the man-made islands designed to represent a map of the globe; the indoor ski slope in the midst of desert; the incredible hotel with glass walls looking onto a sea aquarium mimicking the surrounding ocean. Dubai had also become synonymous with excess: building the tallest tower in the world and the biggest and most expensive luxury hotels, residences,...
More »‘No question of taking any binding emission cuts’
India on Sunday said there was no question of taking any binding carbon emission cuts, indicating the coordinated approach major emerging economies including Beijing and New Delhi are likely to adopt at the climate change summit in Copenhagen, which is just a week away. “There cannot be any emission cuts... that is what we have said and also something the developed countries have said... they [industrialised nations] don’t expect countries like...
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