Taxes on international flights, shipping and financial transactions, as well as a global carbon price of $20 to $25 may be key to annually mobilising $100 billion in climate funding by 2020, according to the United Nations high-level advisory group on climate change financing, which submitted its report in New York on Friday. At the U.N. climate summit held in Copenhagen last year, developed countries committed to a goal of jointly...

U.S. President Barack Obama's interaction with the inhabitants of Kanpura village in Ajmer district of Rajasthan through video-conferencing on Sunday gave him a glimpse of the information technology revolution in rural India that extends the benefits of modern technology and services to the grassroots to improve the quality of people's lives. Union Minister of State for Communications and IT Sachin Pilot led the rural group during the 10-minute interface at the...

As environment minister Jairam Ramesh gets close to deciding the fate of $12 billion Posco’s steel plant in Orissa, civil society pressure from India and around the world is mounting to scrap the project. Around 40 business schools professors have urged Ramesh to look into the dubious data produced by Orissa to convince importance of the Posco’s project of steel plant and a port. The professors, who analysed reports submitted by different...

Even as railway minister Mamata Banerjee opposes government’s role in acquiring land for private companies , the contentious land acquisition (amendment) bill figures in the list of business for the winter session of Parliament beginning next week. The bill has been hanging fire in the wake of opposition from the Trinamool Congress leader, who recently skipped a meeting convened by finance minister Pranab Mukherjee to evolve a consensus within the ruling...

Rajasthan wiling to pay enhanced wages to workers ‘Demand justified as CPI has risen to 924 points' Rajasthan Chief Minister Ashok Gehlot has accepted in principle the demand for enhancement of the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme as per the recently revised minimum wage rates in the State. However, the catch is that the Centre holds the key to any hike in the job scheme...