Even as Indian economy displayed an amazing acrobatic act to recover relatively unscathed from the economic turmoil that gripped the globe, it is facing unrelenting drainage by the same MNCs, we invited to our shores.

The United Nations Intergovernmental Panel on Climate Change (IPCC) chaired by eminent scientist Rajendra Pachauri accepted on Wednesday that the panel’s calculation went wrong while drafting the report on global warming.

Inflation in India is calculated as a wholesale price index of 435 goods over 1993-94, as base year. This is by far, a unique measurement of inflation by any nation in the world and suffers from some serious shortcomings. The index is often criticized for its low weightage to food items (22.02%), which form a [...]