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Economy

Budget blues

Issue Date: Mar 31, 1997
PRIME Minister H D Deve Gowda's talent for undermining the need to protect the environment and people's rights is well-known. The finance minister (FM), P Chidambaram, is one of the same ilk, say critics after his budget speech in Parliament on February 28. Even officials at the ministry of environment and forests (MEF) feel that what the FM has sanctioned for the ministry is just not enough.

UNITED NATIONS

Issue Date: Mar 31, 1997
Supply of clean fresh water, already threatened by soaring pollution levels, is depleting at such a rate in some regions that within 30 years two-thirds of humanity will suffer "moderate to severe water stress". This gloomy prediction has been made by a forthcoming UN report titled Comprehensive Assessment of the Freshwater Resources of the World. It is part of a series of UN studies reviewing the progress made by the Commission on Sustainable Development since the 1992 Earth Summit. Scarcity of clean water not

Eco-friendly economy

Issue Date: Mar 31, 1997
THE recently concluded International Conference on Civil Engineering for Sustainable Development, at the University of Roorkee in Uttar Pradesh, furs recommended developing the nation's economy in an eco-friendly manner. According to K G Ranga Raju, a professor at the university, risk assessment and disaster management should find a place in the overall planning of water resource projects.

Afforestation

Author(s): Anil Agarwal
Issue Date: Mar 15, 1997
In its search for a strategy for afforestation, a laudable goal in itself, the Madhya Pradesh (mp) government has once again put its foot in its mouth and buckled down unduly to commercial lobbies. Its decision to relax the land ceiling laws to permit timber companies to take up plantations on private lands, provides a totally unnecessary and wrong concession to these companies.

The altar is no alternative

Author(s): Milind K Pathak
Issue Date: Jan 15, 1997
In this paper, the brothers Ashish and Miloon Kothari have ably examined the effects of the new economic policy (nep) on India's environment during the post-reform period (1991-1995). They strike home when they say that the effect of the nep on the environment can at best be described as "throwing the baby out with the bathwater".

The economics of science

Issue Date: Oct 15, 1996
science and technology ( s & t ) reforms in China have neatly dovetailed into a dramatic transformation of the country's economy. A good case in point is the Fugou county in central China's Henan province, once a dusty landscape, where 70 per cent of the land area comprises sand and saline-alkali soil.

The culprit is...

Author(s): Vinayak Rao
Issue Date: Sep 15, 1996
the preparatory phase of the World Summit for Social Development witnessed the launch of several research projects relevant to and in support of issues like poverty, unemployment and social integration, to be discussed at the summit. The book under review is one of these.

Taking stock

Issue Date: Aug 31, 1996
The workings of currency markets has perplexed economists for a long time. The dynamics of speculative markets has been studied and modeled extensively with the hope of trying to beat the market. Now surprisingly, S Ghashghaie and his team has shown that the information cascade in markets follows the same dynamics as energy cascade in a turbulent fluid. The behaviour of long-and short-term investors and their interplay, plays a crucial role in the market, much like the energy flow from longer to shorter scales in a turbulent fluid.

Making of a nightmare

Author(s): Khalid Hussain
Issue Date: Aug 15, 1996

AZERBAIJAN

Issue Date: Aug 15, 1996
The city of Sumgait which was an environmentalist's nightmare, is now looking up. Almost every factory in this heavily industrialised city had to close due to skyrocketing costs after the loss of the erstwhile Soviet markets and subsidies. This has given some solace to those who have suffered one of the worst environmental disasters in the former Soviet Union, even though they have lost their jobs. A plan is now afoot to put Sumgait's economy back on track with a promise to provide both jobs and cleaner air.
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