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Billions in Subsidies Prop up Unsustainable Overfishing -Christopher Pala

-IPS News Calls are mounting for the world’s big fishing powers to stop subsidising international fleets that use destructive methods like bottom trawling in foreign coastal waters, drastically reducing the catch of local artisanal fishers who use nets and fishing lines. Such subsidies total 27 billion dollars a year, with nearly two-thirds coming from China, Taiwan and Korea along with Europe, Japan and the United States, according to a University of British...

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As weather patterns get unpredictable, nations must start budgeting for natural disasters

-The Economic Times It's extreme weather season in Asia again. Deadly cyclones, blinding rain, floods and mudslides are becoming the norm from Nepal to Fiji. The world's policymakers must reflect on extreme weather patterns while budgeting their nations' finances. In Thailand last year's floods caused losses of $46.5 billion. Reconstruction costs will reach at least $50 billion, according to the government and UN's assessments. In Pakistan widespread flooding two years ago affected 20...

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The World Bank’s misdiagnosis-Himanshu

-Live Mint Flexible labour laws in India cannot solve the problem of weak job growth and the poor quality of employment  The theme of the World Bank’s World Development Report this year is, appropriately enough, jobs. The report recognizes that creating jobs is the surest way of reducing inequality and poverty, particularly in the developing world. But the cliché it offers as a solution is disappointing: relax labour laws. The bank has...

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Over two billion people now connected to Internet but digital divide remains wide–UN

-The United Nations While citing the rapid development and growth of the Internet, a top United Nations official today urged greater efforts to bridge the ongoing digital divide and ensure that everyone around the world can harness its benefits. There were 2.3 billion Internet users worldwide at the end of 2011, the UN Under-Secretary-General for Economic and Social Affairs, Wu Hongbo, said in his address to the Internet Governance Forum (IGF), which...

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Maharashtra food scam: Private companies eat up Rs 1,000cr meant for poor -Nitin Sethi

-The Times of India Private companies have hijacked the government's flagship scheme to provide food to poor children and their mothers, the Integrated Child Development Scheme (ICDS), with contractors in Maharashtra alone controlling Rs 1,000 crore worth of supplies in contravention of Supreme Court orders, a report of the SC commissioners office has said. The SC orders bar contractors from supplying rations under the scheme. It only permits village communities, self-help groups...

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