Issue: October 2016
 
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Cover Story 
Textiles’ – the word brings up images of beautiful drapes – cotton, silk, chiffon, lace. Whether it is the material draped on the figurine of the lady f...
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Lead Article

Textiles the word brings up images of beautiful drapes cotton, silk, chiffon, lace. Whether it is the material draped on the figurine of the lady from Mohenjadaro, the stylish drapes of Cleopatra, the ball dance gowns of the Victorian Era or the lovely dresses worn by our own queens and princesse...

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Articles
  Tapping Sustainable Energy Alternatives
  The second lead article, which is also focus article, is written by Shri N Bhadran Nair. Citing a report of the World Health Organisation, the author has advocated for tapping sustainable energy alternatives
  Financing Renewables in India
  The third article is written by Shri P C Maithani, Adviser, Ministry of New and Renewable Energy. He has focussed on renewable energy resources
  Steps to Achieve India’s Solar Potential
  The special article is written by Sumant Sinha, Chairman and Managing Director of ReNew Power. He opines that India must also honour its global commitments on curbing greenhouse gas emissions
Inflation: Myths, Realities and a Policy Agenda
V Shunmugam
Debojyoti Dey

A front-pa ge news item on July 8 in a prominent business daily said it all: Maverick chef Sanjeev Kapoor is reportedly cooking up recipes and modifying existing ones in his repertoire – to fight the food price inflation battle in the kitchen. Indeed, the current runaway inflation in India, while not historically unprecedented, is definitely unusual on at least two counts: one, despite the government trying all ammunitions up its sleeve, high inflation has been ruling the roost continuously for more than two years now. Second, the current persistent inflation is ironically coinciding with the greatest global recession and its (hopeful) recovery since the Great Depression; in other words, while most countries are looking to control deflation, India seeks to do just the opposite - reign in inflation.

What does not cause inflation

What explains the current runaway inflation? Reasons are galore – from drought-induced food grains supply shortage to increasing money supply and rising international prices of most commodities, spilling over to consumer prices. As is apparent and well-publicized, it is indeed a combination of all these factors that is contributing to inflation currently. We look at some of these factors in the next two sections.

 
 
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Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
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