-Outlook Gutka lobby protests stick’s escape Law On Their Side The tobacco industry has enough clout and money to secure the support of top politicians-cum-lawyers in courts: Arun Jaitley: ITC, market leader in cigarettes Ram Jethmalani and Abhishek Manu Singhvi: Dharampal Satyapal Ltd Kapil Sibal: Dhariwal industries *** Just about two months back, newspaper readers were taken aback by a series of front-page ads, one of which stated how 14 states had had banned...
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"Peak farmland" is here, food crop area to fall-study
-Reuters The amount of land needed to grow crops worldwide is at a peak and an area more than twice the size of France can return to nature by 2060 due to rising yields and slower population Growth, a group of experts said on Monday. The report, conflicting with U.N. studies that say more cropland will be needed in coming decades to avert hunger and price spikes as the world population rises...
More »West Bengal sees turnaround in revenue collection
-The Times of India The West Bengal government has managed a turnaround in revenue collection, thanks to innovative use of technology and the impending need to raise resources and repair the state's tattered finances. Data shows tax receipts during the first quarter of 2012-13 have risen 35%. In 2010-11, before the Trinamool Congress-led government came to power, tax collection by the Left Front government stood at Rs 21,000 crore, while in 2012-13...
More »The Real Winners and Losers of Globalization -Branko Milanovic
-The World Bank It is generally thought that two groups are the big winners of the past two decades of globalization: the very rich, and the middle classes of emerging market economies. The statistical evidence for this has been cobbled together from a number of disparate sources. The evidence includes high GDP Growth in emerging market economies, strong income gains recorded for those at the top of the income pyramid in the...
More »Coal to be king by 2017
-PTI Powered by the Growth in emerging market giants China and India, coal is set to surpass oil as as the world’s top fuel source by around 2017, the International Energy Agency forecast on Tuesday. Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said, releasing its annual Medium-Term Coal...
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