The government is likely to recalibrate its retail foreign investment strategy, while simultaneously trying to bridge the political divide with allies and states. Government sources said with neither the opposition nor the allies, Trinamool and DMK, objecting to 100 per cent FDI in single-brand retail approved by the cabinet, the commerce and industry ministry would work on a notification to operationalise the decision. “Our understanding is we can work on rules for...

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...

-The Telegraph   The cabinet today unlocked the retail market for foreign direct investment, braving the Trinamul Congress’s objections but assuring Mamata Banerjee earlier in the day that state governments would have enough leeway to protect the interests of farmers. The most significant of today’s decisions is the clearance to 51 per cent foreign investment in multi-brand retail, which will allow the entry of giants that are already household names in a country...

UPA’s much-publicised scheme, Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), is not creating labour shortage for agriculture and dairy production alone, but the textile and handloom sectors are also facing the heat on this count. A Working Group report on textile and handloom sectors has noted that the scheme was drawing skilled weavers to ‘unskilled’ MGNREGA. It says that high-end weavers are sticking to the profession, but low-end weavers are...

-The United Nations The presence of greenhouse gases in the Earth’s atmosphere last year reached its highest levels since pre-industrial times, a report released by the United Nations World Meteorological Organization (WMO) warns today. The latest edition of WMO’s Greenhouse Gas Bulletin, which places special focus on rising nitrous oxide concentrations, also notes that the rate of increase of greenhouse gases has recently accelerated. “Even if we managed to halt our greenhouse gas...