For about a week after the Dubai crisis broke, international financial markets chose to ignore it. Stock-markets climbed, commodity prices rose and the dollar continued to be beaten down. It is not too difficult to explain this initial indifference. For one, the magnitude of the Dubai crisis appeared piffling, at first glance, compared to the “subprime” crisis or the meltdown following “Lehman’s bust”. When global banks had run up losses...

Since state financial corporations are set up to encourage the establishment of industries by providing loans on liberal terms, the recovery of debts from chronic defaulters is seen by courts from two angles. One is that public money is lent for starting private enterprises and, therefore, the financial institutions should be tough on the debtors. The other approach is that these units benefit the public and, therefore, the endeavour should...

Introduction The phenomenon of disability is one of the pressing problems in the world. According to the projections of international agencies, about 10 per cent of the population are affected with physical, mental, sensory and other forms of impairments and around 75 per cent of the disabled population are concentrated in the rural and inaccessible areas of the developing societies. This data is based on recent studies carried out in various...

Good nutrition is the nexus point where food security, public health and environmental protection meet.  As world leaders in Copenhagen struggle for an ambitious deal, let us not forget that it is the future of our children that is at stake. Hurricanes, floods, heat-waves and droughts wreak havoc when they strike, but in the desolation they leave behind it’s relatively easy to reconstruct a road or a house. A human...

The Genetic Engineering Advisory Committee (GEAC), a regulatory body comprising of scientists which works with the Ministry of Environment and Forest, has finally waved the green flag for commercial cultivation of Bt brinjal in India on 14 October, 2009. The present recommendation of the GEAC has met with opposition from Greenpeace (http://www.greenpeace.org/) and a host of other civil society organizations. However, commercial cultivation of Bt brinjal may take a year...