A United Nations report titled The State of the World’s Indigenous Peoples says the indigenous people and tribes worldwide are facing extinction and exploitation due to threats of displacement and dispossession of their lands, territories and resources. It takes note of the displacement of thousands of families of the Santhal Adivasis in the Indian State of Jharkhand as a result of extraction of minerals, without proper compensation or economic security. The...

The following piece was written for the UNIDO’s General Conference that took place in Vienna this month but could not be carried by any of the international papers because of a slight delay, although some feel its contents may not be ideologically palatable to them. Hence it is being carried here for the benefit of our readers. —Editor A highly positive sum game awaits the community of nations if an internationally...

Even a cursory glance at the daily newspaper reveals the economic mindset and the manipulation of that mindset into losing its sense of balance and well-being by the plethora of reports, articles and stories on the economic life of the Indian nation. There are all sorts of stories, statistics, credit appraisals, banking trends, FDI investment couched in the jargon of the modern economy that, curiously enough, seems to be so...

India needs to strengthen and liberalise its regulatory framework and invest more in infrastructure in order to attract increased foreign direct investment (FDI), according to a new OECD report. The OECD’s Investment Policy Review of India says India has designed policies to encourage investment as part of market-oriented reforms since 1991 that have paved the way for improved prosperity. “Restrictions on large-scale investment have been greatly relaxed. Many sectors formerly reserved to the...

Just when everyone thought that the debate over large dams was settled against displacement, mega dams are back in business. Refusing to learn from our own mistakes are the three newly created states, Uttarakhand, Jharkhand and Chattisgarh. The three states are locked in battles against one another to attract foreign direct investment (FDI) to construct several large dams and barrages ostensibly to give a push to a new wave of...