When psychologists identified the phenomenon of cognitive dissonance — the ability to believe two contradictory things at the same time — they might have been describing the world of international climate change negotiations. Only this month, two authoritative international agencies have pointed out that the world has only a few years left in which to begin taking sufficient action to combat dangerous global warming. The United Nations Environment Programme's Bridging the Emissions...

The 11th five-year plan promised the nation “inclusive Growth”. It marked a departure from the earlier official position that the “benefits of Growth” would automatically “trickle down” to the poor, and that if Growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of Growth” did not automatically “trickle down”, but argued that Growth...

-The Economic Times The entire political opposition to allowing overseas investment in retail is focused on the assumed plight of traders and small merchants in India. How about consumers, who outnumber sellers by many multiples? And what about farmers, the bulk of India's population? The idea of organised retail is to get quality stuff to buyers at reasonable prices. To do that, retailers employ technology, storage and logistics to cut overhead...

Watching the recent debate on the poverty line has been a depressing experience. As the debate unfolded, we witnessed self-righteous commentators engaged in a game of one-upmanship to prove that no one was more concerned for the poor than they, electronic media failing in its responsibility to inform the public simple facts and the Planning Commission proving itself incapable of communicating in simple terms the rationale behind its proposal either...

Manmohan Singh today refused to yield to pressure on the question of allowing foreign direct investment in retail and appeared ready for a protracted battle, including the risk of a vote in Parliament despite his government’s fragile majority. Somewhat reminiscent of his nuclear deal stand, the Prime Minister confronted those who had accused the government of taking a hasty decision on retail. “We have not taken this decision in haste, but after...