-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-The Indian Express Lima: The climate talks at Lima were on the brink of collapse on Saturday after two attempts to push through watered-down proposals were rejected by developing countries, forcing the head of negotiations to summon the delegates for an extra day of work. The two-week-long negotiations were supposed to have ended on Friday evening with a decision on the kind of climate actions that countries could take in order to...

-Business Standard India, China, the Gulf and other large developing economies form the fastest-growing market for the refrigeration industry Despite India changing its stance and keeping quiet, select developing countries were able to delay the launch of formal talks on the phasing out of climate change-causing refrigerant gases under the Montreal Protocol, meant to deal only with ozone-depleting substances. Prime Minister Narendra Modi had signed a pact with US President Barack Obama during...

-The Hindu To address climate change, India has committed itself to a 20-25 per cent reduction in intensity of carbon emissions by 2020, but the international community will want more U.S. President Barack Obama and Chinese President Xi Jinping have just signed a historic bilateral accord on climate change and clean energy cooperation in Beijing. This accord will have impacts in the run-up to the Paris Conference in December 2015 when the...

-The Hindustan Times A day after G-20 sherpa Suresh Prabhu said that India should not align with China on climate issues, the government distanced itself from his view with environment minister Prakash Javadekar saying it was his "personal" opinion. Prabhu comments had led to speculation that India may break away from the Basic group that has India and China with South Africa and Brazil. Javadekar refused to either confirm or deny reiterating...