CITIES MAKE one simple promise to newcomers: Sacrifice yourself to me and your children shall prosper. This promise drew Ahmed Raza, a small-time wrestler from an Uttar Pradesh village and millions like him to the capital of newly-independent India. Raza kept his part of the bargain, yet half a century later, his daughter was pushed out of the city her father helped build, the only home she has known. “I...

Indian policymakers are debating doing away with the mandatory rating of financial instruments in the long-term, among a set of measures aimed at strengthening the regulatory and disclosures regime for credit ratings. The expert group, set up by the High Level Coordination Committee on Financial Markets (HLCCFM), has made specific recommendations on improving and disclosing the way credit rating agencies rate financial instruments, and has sought debate on the very...

Global measles deaths have fallen by 78 per cent within the past decade, with vaccinations saving some 4.3 million lives, but the disease could make a deadly comeback if funding and political will are not sustained, a United Nations-backed study warned today. All regions except South-East Asia – where India alone, with its 1-billion strong population, accounted for three out of four measles deaths in 2008 – have achieved the UN...

Twenty-five years have passed since that night of terror and death in Bhopal, which saw a cloud of deadly gases explode out of a faulty tank in a pesticide factory and silently spread into the homes of sleeping people. Although no official count of casualties has ever been done, estimates based on hospital and rehabilitation records show that about 20,000 people died and about 5.7 lakh suffered bodily damage, making...

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...