-Outlook As the Manmohan Singh government makes evident its unfriendliness to villages, the nation hurtles towards disaster. It's a danger no one wants to face. Prime Minister Manmohan Singh has been trying for years to make us believe that agriculture is a vast marshland in which a huge population is stuck ankle- to neck-deep and it is his duty to rescue them. "Our salvation lies in moving people out of agriculture," he...
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Six people who pulled strategic levers to open up political parties' finances -Soma Banerjee
-The Economic Times If India is now debating opening the books and operations of political parties to the public, it's because of these six people who pulled strategic levers and applied relentless pressure. Soma Banerjee traces a four-year effort that converted intent to action Balwant Singh Khera, a politician from Hoshiarpur in Punjab, is not a name that will strike a chord in mainstream politics or social discourse today. It might in...
More »Jagdish N Bhagwati, professor of economics and law at Columbia University interviewed by The Economic Times
-The Economic Times The World Trade Organisation (WTO) has honoured renowned economist and globalisation buff Jagdish N Bhagwati by inducting him into its Hall of Fame. The professor of economics and law at Columbia University, Bhagwati is the author of books as seminal as 'In Defence of Globalisation' and 'The Wind of the Hundred Days: How Washington Mismanaged Globalisation'. He spoke to ET about his decades-long campaign for trade liberalisation, his...
More »Mutant wheat found growing in US fallow field -Suvodh Varma
-The Times of India A patch of wheat found growing in fallow field in Oregon, USA, has sent tremors across the world with some East Asian countries cancelling wheat import orders from the US, and the 27 member European Union to raise testing levels for US imports. The reason is that the wheat patch was found to be a genetically modified variety developed and tested by biotech giant Monsanto between 1999 and...
More »Finance Ministry agrees to Rs 1 lakh cr diesel, LPG subsidy for FY'13
-PTI NEW DELHI: Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing formula to be changed from current year to cut down the outgo. Finance Ministry, which had previously given out cash subsidy of Rs 55,000 crore, agreed to give Rs 40,000-45,000 crore more to cover for unmet revenue losses on fuel sale in the fiscal year ending...
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