The World Bank today finalized its Access to Information Policy, which makes the Bank a transparency leader among international institutions.  The policy was approved by the Board of Executive Directors on November 17, 2009 and will become effective July 1, 2010. The final text of the Policy paper reflects the comments and requests for clarifications sought by the Board during the November 17 discussion. “With the adoption of a progressive disclosure...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

Transgenic Cotton being hastily pushed in India, says researcher Technological alternatives available to switch from conventional production NEW DELHI: A panel discussion on ‘GM Foods and Food Security’ held here on Thursday highlighted differing opinions on the controversial subject, although the majority opinion was in favour of GM crops. Participating in the discussion, organised by the Institute of Economic Growth, Ronald Herring of Cornell University pointed out that Bt Cotton in India played an...

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...

Chhattisgarh announced a proposed investment of more than Rs 1,77,000 crore in the state. Until October 2008, it had signed over a hundred mous with companies like Jindals, Tata Steel and Essar. After a couple of months of this announcement, a bureaucrat heading the state environment regulatory body resigned. “Development is the preferred option, provided the carrying capacity is available. There cannot be a trade-off at the cost of the health...