The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...
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Three firms rank highest on access to poor by Donald G. Mcneil Jr
GlaxoSmithKline, Merck and Novartis have taken the top three spots again on the Access to Medicine Index, which ranks pharmaceutical companies on how readily they make their products available to the world's poor. It was the second time the rankings, which were created in 2008, have been issued. This time, 95 per cent of the brand-name companies approached by the Dutch foundation that started the index agreed to provide information;...
More »Gold Rush by Venkitesh Ramakrishnan
ALMOST all the maladies afflicting the Indian mining industry have manifested themselves forcefully in the mineral-rich State of Jharkhand. Indiscriminate exploitation of natural resources, large-scale displacement of tribal people, and the rise of a mining lobby with immense political clout are only a few of these. Of course, in the last decade the State has also witnessed the rise of a number of people's resistance movements against displacement and environmental degradation...
More »FDI Vs Tribes by Ajoy Ashirwad Mahaprashasta
THE Indian Bureau of Mines, in its Indian Minerals Yearbook–2005, notes that Chhattisgarh has 28 different types of minerals, with coal and iron ore being the most abundant. The Centre for Science and Environment (CSE), in its comprehensive book Rich Lands, Poor People: Is ‘Sustainable' Mining Possible?, says that around 16 per cent of India's coal reserves, 10 per cent of its iron-ore reserves, 5 per cent of its limestone...
More »The slow pursuit of justice
EVEN AS BP battles to check the damage caused by the oil spill in the Gulf of Mexico, India is showing how far it is from recovering from its own worst industrial accident. A group of government ministers appointed to suggest remedies for the disaster in 1984 at Bhopal, in central India, made its recommendations on June 21st. It urged the government to step up its efforts to extradite Warren...
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