-The Guardian 'Pathway for a sustainable future' declared, but Greenpeace says summit was failure of epic proportions Amid doubt, disappointment and division, the world's governments came together in Rio on Friday to declare "a pathway for a sustainable century". At the close of the Rio+20 Earth Summit, heads of state and ministers from more than 190 nations signed off on a plan to set global sustainable development goals and other measures to...

There are major issues at stake in the Rio+20 Summit on Sustainable Development to be held on 20-22 June. Yet governments of developing countries have not given adequate importance to the run-up to the conference. As has happened in the climate change negotiations, the outcome draft now under negotiation shows a concerted move to rewrite the terms of global environmental governance. There is an attempt to push through the decidedly...

-The Times of India The country loses Rs 60,000 crore a year due to congestion (including fuel wastage), slow speed of freight vehicles and waiting time at toll plazas and checking points, a study on operational efficiencies of freight transportation by roads has claimed. It said vehicles crawl at an average speed of less than 20 kmph on some key corridors such as Mumbai-Chennai, Delhi-Chennai and Delhi-Guwahati while it's only 21.35 kmph...

-The Economic Times The per capita income may have gone up by 14% during the last financial year, but the debt burden on every Indian - in the form of the government's debt - went up by 23%, latest official estimates show. According to finance ministry data, the per capita debt in India was estimated at nearly Rs 33,000 at the end of March 2012, compared to a little over Rs 26,600...

-The Hindu   “Heart of policy is that government believes people should pay tax somewhere” Even as Finance Minister Pranab Mukherjee faces flak from corporates at home and abroad on his budget proposal to tax Vodafone-type deals through retrospective amendment, World Bank president Robert Zoellick sought to side with the government saying India wanted the company to pay tax at some place. He also reasoned that investors must give some time to the government...