-Outlook The Planning Commission today projected 8 per cent economic growth for the 12th Plan, but cautioned that "policy logjam" could slow the expansion to even as low as 5-5.5 per cent during the five year period. Moving away from previous practice of presenting single growth projection, the Planning Commission has come out with three different economic scenarios for 12th Five-Year Plan. "Growth outcomes will depend upon the extent to which we are...
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What did Doha achieve? -RK Pachauri
-The Indian Express The 18th Conference of the Parties (CoP 18) to the UN Framework Convention on Climate Change (UNFCCC) took place in Doha over two weeks, ending on December 7. There was a range of expectations expressed before the meeting. To resolve competing claims for hosting the conference, it was decided that Korea would host a pre-CoP meeting to help prepare for the CoP itself. The 17th CoP had been...
More »‘India lost $123 billion in black money in a decade’
-The Indian Express India lost a whopping $123 billion in black money during 2001-2010, making it the eight largest victim of illicit financial outflow, a US-based research and advocacy organisation said in a report. However, India’s black money loss of $123 billion in 10 years is far less than that of China, which according to the report suffered a loss of $2.74 trillion during the same period (2001 to 2010), followed by...
More »‘Cash transfer scheme a game changer for banks’
-The Hindu It will bring many customers into banking fold: Andhra Bank CMD Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold. The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks...
More »India could face crippling heat waves -N Gopal Raj
-The Hindu THE SUNDAY STORY An analysis of the output from 18 different global climate models indicates that India’s average annual surface air temperature could go up by between four degrees Celsius and seven degrees Celsius by the end of this century. The warning signs are already out there. Global air and ocean temperatures have risen in response to human-driven emissions, particularly of carbon dioxide. Oceans have become more acidic and the...
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