Historically, today’s developed countries are responsible for nearly 80 per cent of global cumulative carbon emissions over 1850 to 2011. The climate change impacts that the world is facing today are fundamentally a result of that over-exploitation by a small…
The near relentless bull run on India’s stock markets seems to be faltering, with signs of a descent from recent peaks. These signs of investor reticence are visible across emerging markets, with India being one of the better performers. While…
Particular battles often have a significance that goes beyond the immediate context, of which even the combatants may not be fully aware at the time. One such was the Battle of Plassey, which was not even a battle since one…
The Modi government has been raising taxes on petro-products as its main instrument of resource mobilisation for government spending. This ironically has the dual effect of not stimulating the economy, but stimulating inflation instead. An alternative fiscal policy of raising…
Feminist economists have long argued that the purpose of an economy is to support the survival and flourishing of life, in all its forms. This may seem obvious but it turns on its head the prevailing view, which implicitly assumes…
Global leaders, especially in the developed world, still fail to grasp the gravity of the climate challenge. Although they acknowledge its severity in their speeches, they mostly pursue short-term national interests, without clear and immediate commitments to act. Click here for…
According to the US Department of Labour, consumer prices spiked at 6.2 percent higher in October than a year earlier. The resulting inflation fears are beginning to influence the thinking of central bankers in the developed countries. As that happens,…
In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes, of Rs 500 and Rs 1000 denomination,…
There are a number of misconceptions about Indian agriculture which, if not removed forthwith, can have potentially adverse effects on the ongoing kisan agitation against the three farm laws. The first of these is the belief that corporate encroachment on…
In recent weeks the media have featured stories bordering on the alarmist about a coal shortage in India. Coal inventories with thermal power plants had fallen to levels at which major country-wide power outages seemed inevitable. Fortunately, that has not…
