Twenty-five years ago this week, a gas leak at a Union Carbide chemicals plant in Bhopal released 40 tonnes of poisonous gases over the Indian city, killing thousands and injuring tens of thousands. To this day, many of the survivors live in crowded shacks in the slums that line the old factory walls. The people here are not the only ones who have been affected, however. The leak, which is often...

One of the standout features of the monetary stimulus in India has been the wide divergence between the RBI’s policy rates and the actual lending rates of banks — the latter haven’t fallen nearly as much as the RBI would have liked. On Wednesday, Governor Subbarao ticked Indian banks off for the stickiness and non-transparency in lending rates and urged them to get out of the mindset which has led...

The government is reportedly toying with the idea of restricting the mandate of the Competition Commission of India (CCI) to sectors where it would not come in conflict with an existing sectoral regulator. That is a ridiculous idea, and the government should not waste time on it. The proposal has been floated by some powerful people, including those in sectoral regulators, and are keen to protect their fief and perhaps...

A UN Habitat publication warns that inequalities and worsening informal settlements (read slums) could lead to widespread violence and chaos in the cities and towns of the world. The newly-released report titled “Planning Sustainable Cities: Global Report on Human Settlements 2009” says that with almost 200,000 new dwellers flooding into the world cities and towns each day, there is an urgent need to check the mushrooming of such settlements. The...

In their own manner, Indian Maoists have worked out the rationale of what they are doing. The grisly serial murders they are indulging in are, in the first instance, intended to warn god-fearing men and women in the areas they are entrenched in to behave and not act as police informers. Should their instructions be infringed, retribution would be swift and merciless. The brutal killings, specifically of CPI(M) cadre and...