-Outlook Expressing concern over the recent tragedy in Uttarakhand, the Supreme Court today prohibited setting up of any new hydroelectric power project in the state and directed the Centre to constitute an expert body to study environmental degradation caused by such projects. The court directed the Ministry of Environment and Forests and the Uttarakhand government not to grant any further environmental or forest clearance for any hydroelectric power project until further orders. "We...

-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...

-Live Mint     Gujarat has grown faster than the national average—a point worth noting. But there’s no need for drumbeats  Gujarat's economic performance has been facing great scrutiny ever since chief minister Narendra Modi emerged as one of the top prime ministerial candidates of the Bharatiya Janata Party (BJP). I have been asked to compare Gujarat's economic performance during the past decade with that in the past and separate fact from fiction...

-The Telegraph New Delhi: A Union government panel has found evidence of rampant illegal mining along the Yamuna in Gautam Budh Nagar in Uttar Pradesh where the suspension of an IAS officer who had cracked down on the sand mafia has snowballed into a political controversy. A three-member panel set up by the environment ministry said there has been "rampant, unscientific and illegal mining" at several sites along the river in violation...

-The Times of India The ongoing 'Bhagwati versus Sen' debate has generated more heat than light, necessitating correction. As an equal co-author of India's Tryst with Destiny, which defines the Bhagwati position, my stake in the debate is second to none. Two extreme characterisations of the positions of the two sides have emerged. The first has it that the differences between them are minimal with each side expressing the same ideas in...