Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...

Weather conditions promoting El Nino persistent, says Met department; drought feared In its first monsoon forecast in late April, the India Meteorological Department (IMD) had announced that monsoons would be normal this year and there was a little chance of El Nino—associated with dry spells west of the Pacific—arriving in the second half of the season. But of late, IMD seems to have shifted its stand. Now the weather agency is...

In an attempt to rein in fly-by-night operators who have set up shops in India, the Universities Grants Commission (UGC) has made its approval mandatory for all collaborations between foreign and Indian educational institutions. The new regulations approved by the UGC on Saturday give existing institutions six months to get approval. The UGC has also laid down dual criteria to ensure that quality academic institutions are allowed to run joint degree...

-The Economic Times Allan J Lichtman's answers are brief and to the point. But by force of habit, he seems to love questions - he answers them animatedly, like professors who are used to keen listeners. This energetic American University professor of history is the one who has predicted correctly the results of all US presidential polls since 1984. "I have always been anxious," says he of the mood in the run-up...

With the Central government unsure of getting the Foreign Educational Institutions (Regulation of Entry and Operations) Bill, 2010, through the Rajya Sabha, the Human Resource Development Ministry is now trying to allow “backdoor” entry to foreign institutions. The Ministry has asked the University Grants Commission (UGC) to identify possibilities within the existing laws of regulating and allowing the foreign educational institutions. The two possible ways of going about it are allowing these...