-The Telegraph   The main points agreed upon in the Durban talks: Kyoto protocol extension After the failure of Copenhagen in 2009 to come up with a new, internationally-binding deal and only incremental progress a year later in Cancun, a partial legal vacuum had loomed as drafting a new UN treaty is extremely time-consuming. Sunday’s deal extends Kyoto, whose first phase of emissions cuts run from 2008 to the end of 2012. The second commitment...

-BBC   Inequality in earnings has doubled in India over the past two decades, a new report says, making it one of the worst performers among emerging economies. The Organisation for Economic Cooperation and Development (OECD) says the top 10% of wage-earners make 12 times more than the bottom 10%, compared to six times 20 years ago. The OECD says India has the highest number of poor in the world. Some 42% of its 1.21...

Singapore spot market, not production costs, driving Indian petrol price Have you ever wondered why when petrol prices go up or down they do so uniformly across the retail outlets of the three oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum? If they are three different companies with their own refineries and distribution systems, then surely their costs and selling prices must be different? Welcome to the strange world...

Four deadly cobras among 40 snakes unleashed by farmers in latest anti-corruption protest in northern India Two farmers fed up with bribery demands have dumped three sacks filled with snakes on the floor of a busy tax office in northern India. The 40 or so snakes of different sizes and species, including at least four deadly cobras, sent clerks and villagers climbing on to tables and scurrying out of the door to...

-Reuters   India is assuming grain purchases at around 30 percent of output in plans to expand its welfare programme, the food minister said, relying on increased yields and lower wastage to cover extra requirements and keeping exports on the agenda.  "We have made the calculation (for the Food Security Bill) on the basis of the grains we can produce and procure. We will procure only 30 percent of our production, 70 percent...