-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...

-The Hindu The government deserves congratulations for its firm stand at the WTO, which finds support in Rodrik's trilemma The Princeton don Dani Rodrik is one of the world's leading economists. He is a firm believer in and supporter of globalisation. However, he has also posed a famous "globalisation trilemma." A trilemma describes a situation where only two of three things can hold true at the same time. If any two out...

-The Tribune The community has to pay the cost of environmental degradation if sustainable agricultural practices are not followed. Food can also be produced by in-built provisions for ecological services. For this, sustainability issues have to be addressed with policy support. An ecosystem is a dynamic, complex, functional unit of diverse living organisms, physical environment and humans are its integral part. The wellbeing of mankind depends upon food, water, fibre, medicine, flood...

-The Business Standard   Regulator studying pricing models in various nations; draft legislation likely by end of March Pharmaceutical companies might be up for stricter price regulations. The government is planning to bring in a legislation that would take into consideration pricing models across the US, European Union (EU), China and 14 Organisation for Economic Co-operation and Development (OECD) countries. The National Pharmaceutical Pricing Authority (NPPA), which regulates prices of medicines in the market,...

-Mid Day   A visit to the APMC in Vashi revealed that calcium carbide - referred to as ‘carpet' by traders - which is known to cause cancer, food poisoning, nausea etc - is being used indiscriminately to ripen the fruit faster, so as to increase sales Think before you sink your teeth into those juicy, delicious mangoes. For, they could have been ripened artificially using calcium carbide, a deadly chemical that is...