In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...
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Climate summit faces big emitters' stalling tactics by Richard Black
Some of the developing world's biggest greenhouse gas emitters are bidding to delay talks on a new climate agreement. To the anger of small islands and other vulnerable countries, India and Brazil are joining rich nations such as the US and Japan in wanting to start talks on a legal deal no earlier than 2015. The EU and climate-vulnerable blocs want to start as soon as possible, and have the deal finalised...
More »Climate change dialogue at Durban keenly poised by Arvind Gupta
The 17th Conference of Parties (COP) under the UN Framework Convention on Climate Change (UNFCC) is being held in Durban, South Africa, from November 28 to December 9, 2011. Urgent action is required to arrest the inexorable rise in global CO2 emissions. What are the issues before this important international meeting on Climate Change? The last meeting of the COP was held in Cancun, Mexico, in December 2010. The 17th COP will...
More »In climate talks West would redefine rich and poor
-AP As delegates gather in South Africa to plot the next big push against climate change, Western governments are saying it’s time to move beyond traditional distinctions between industrial and developing countries and get China and other growing economies to accept legally binding curbs on greenhouse gases. It will be a central theme for the 20,000 national officials, lobbyists, scientists and advocates gathering under U.N. auspices in the coastal city of Durban...
More »Raise income, lower inequality by Subir Roy
India’s disappointing human development status is well known. It is a virtual tailender among the newly emerging BRICS economies – Brazil, Russia, India, China and South Africa – which are expected to become the engine of global economic growth as the developed countries slow down. What is more serious is India’s status in its region. Not only is it well behind the long-term regional leader in development, Sri Lanka, it...
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