The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

Notwithstanding controversies, it passed several important judgments The year 2009 was eventful and memorable for the Supreme Court and Chief Justice of India K.G. Balakrishnan. The Court faced several controversies, the notable being the collegium’s decision to elevate Karnataka High Court Chief Justice P.D. Dinakaran as one of its judges. This controversy was preceded by a clean chit to Punjab and Haryana High Court Judge Nirmal Yadav in the Rs....

The Copenhagen Accord on climate change marks a shift from a government pledge to Parliament, environment minister Jairam Ramesh accepted today, but asserted that this would not compromise India’s sovereignty. Ramesh had committed to Parliament before leaving for the UN climate summit in Copenhagen earlier this month that India would only provide information about its domestic actions to curb greenhouse emission to the international community. But the accord crafted on...

By endorsing the Copenhagen Accord at the just-concluded U.N. climate meet, India has failed to protect the interests of the people most affected by climate change not only in India but worldwide, environmental group Greenpeace said on Tuesday. Reacting to the Environment Minister Jairam Ramesh’s statement on India’s position at Copenhagen on climate change, it said India shirked its responsibility to show leadership and let down the most impacted communities...

The Opposition has slammed the government over the Copenhagen Accord, saying the document betrays developing nations, and has  compromised India's interests. In a lengthy speech in Parliament this morning, the BJP's Arun Jaitley said the Copenhagen Accord helps developed countries avoid the commitments they made under the Kyoto Protocol. Jaitley also said the  Copenhagen Accord permits international scrutiny of India's actions to deal with global warming, something that the government had...