Courtesy: Peter Craven/Wikipedia
A distinguished Chinese scholar, speaking at a BRICS forum in Moscow recently, ascribed the growing India-China trade deficit to India’s ban on iron exports. While this contention is partially true, the data does not validate this argument, and nor does his view account for the other reasons for the deficit
Courtesy: Al Jazeera
Al Jazeera English quoted Gateway House's Akshay Mathur in their feature about India's coal scam. He argues that the current ruckus in parliament is both sad and amusing, as the privately-held coal blocks were only expected to account for less than 10 per cent of total production in the country.
It is estimated that up to 20% of India’s power capacity lies idle due to the lack of coal available in the country. The recent $33 billion scam on the allocation of coal blocks reflects the apathy among the Indian leadership towards effective policy-making.