Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...

Humanity’s current voracious consumption of resources cannot be sustained, the United Nations Environment Programme (UNEP) cautioned in a new report today, warning that the world was already running out of cheap and sources of some essential materials such as oil, copper and gold. According to the report by UNEP’s International Resource Panel, by 2050, human beings could devour an estimated 140 billion tons of minerals, ores, fossil fuels and biomass per...

The Planning Commission has defended the poverty line cut-off and urged the Supreme Court not to “interfere with the methodology developed by experts over the years to estimate the incidence of poverty.” However, it left a window for the court to direct an upward revision of the limit —daily consumption expenses per head of Rs 20 in urban areas and Rs 15 in rural areas at 2004-2005 prices — saying “these...

India's grain bins are overflowing and the forecast for a normal monsoon promises another bumper crop, but political disagreement over a bill to secure food rights for the poor means the country is expected to steer clear of large-scale exports. Shipments from the world's second-biggest producer of wheat, sugar and rice could come as a relief for governments across Asia who are trying to combat food-led inflation, but India needs to...

50 lakh tonnes of rice and wheat for all States/Union Territories at BPL prices Need to strike a balance between excess procurement and storage: Justice Bhandari ‘Whatever you procure, store it properly. The rest you can distribute to starving people' Responding to the concern expressed by the Supreme Court over malnutrition and starvation deaths, the Centre on Tuesday informed it of the decision to make an additional allocation of 50 lakh tonnes of...