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Road to Copenhagen by R Ramachandran

It has been a bumpy ride, with developed countries failing to make definite commitments and India hinting at a shift of stance. THE last leg of the climate change talks held in Barcelona, Spain, on November 2-6 in the run-up to the all-important 15th Conference of the Parties (COP-15) to the United Nations Framework Convention on Climate Change (UNFCCC) in Copenhagen in December did not result in any dramatic development...

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Government will not open Bhopal plant as memorial by Moni Basu

It was to be a somber memorial, a remembrance of those who perished in a lethal milky fog. To mark the 25th anniversary of the world's worst industrial disaster, authorities planned to open up the now-dilapidated shell of the Union Carbide fertilizer plant, where in the wee hours of December 3, 1984, 40 tons of methyl isocyanate gas oozed out onto the sleeping city of Bhopal, India. About 4,000 people died instantly...

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Satyam Computer Fraud Grows to $2.5 Billion by Nandini Lakshman

Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing company, the dirt is still tumbling out. On Nov. 24, the country's Central Bureau of Investigation (CBI) released findings that show the alleged fraudulent accounting and embezzlement was far larger than originally thought. Raju and nine accomplices skimmed some $2.5 billion from the...

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Domino effect on commodity trade by Nidhi Nath Srinivas

Real estate may be the epicentre of Dubai’s debt crisis, but it is the Indian commodity trade that will feel its aftershocks for months to come. Two reasons make Dubai important to Indian companies. One, Dubai is the hub of most-traded commodities, from pearls, gold and diamonds to tea, cotton, basmati and sugar. Crucially, it is gateway to west Asia. All the top players in the region, especially Gulf Cooperation...

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Mass media: masses of Money? by P Sainath

The same exclusive report, with different bylines, in three rival dailies. Swathes of advertising dolled up as news stories. Is ‘paid news’ getting institutionalised? “Young dynamic leadership: Ashokrao Chavan,” read the headline of a prominent news item in the Marathi daily Lokmat (October 10). That was 72 hours before the people of Maharashtra went to vote in the State Assembly polls. The item was attributed to the newspaper’s "Special Correspondent,"...

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