This newspaper recently hosted its annual debate on whether a resurgent Bengal was an impossible dream. Not surprisingly, the verdict of the 600-odd listeners went against the motion. This has as much to do with tangible societal gains as with an enveloping sense of crisis which embeds enormous opportunities. The glorious past of Bengal needs no persuasion. It was integrated with the rest of the world through trade and interchange...
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Failed Food Summit and rising hunger
The three-day World Summit on Food Security (WSFS) that opened in Rome, Italy on 16 November, 2009 has ended with serious differences among participants. Among those expressing dissatisfaction with the final declaration was no less a person than Jacques Diouf, the head of UN’s Food and Agriculture Organisation (FAO). Diouf criticised the declaration for not including exact targets to reduce hunger. There is no mention of a deadline for the...
More »Ripe for the Plucking, but Fewer Dare to Try by Lydia Polgreen
PETTAH, India — As he approaches his first tree of the day, S. Mohan presses his calloused palms together and bows his head. “Oh God, I am climbing the coconut tree,” he whispers. “Protect me from harm.” With no safety gear beyond a strap of palm frond tied around his ankles, he launches himself onto the tree’s arcing trunk, which rises dozens of feet into the air. With a swift...
More »OECD unemployment rate stable at 8.6% in September 2009
The unemployment rate for the OECD area was 8.6% in September 2009, the same as the previous month and 2.3 percentage points higher than a year earlier. In the Euro area, the unemployment rate was 9.7% in September 2009, 0.1 percentage point higher than the previous month and 2.0 percentage points higher than in September 2008. For the United States, the unemployment rate for October 2009 was 10.2%, 0.4 percentage point...
More »RBI survey sees lower GDP growth, higher corporate profits
The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...
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