Driven by its over-emphasis on evading a “legally binding” commitment, India signed on at Durban to a key agreement that has not even a pro forma reference to equity and sets aside differentiation explicitly. South Africa will undoubtedly be satisfied that the 17th meeting of the Conference of Parties (COP 17) of the United Nations Framework Convention on Climate Change (UNFCCC) marked the inauguration of the Durban Platform for Enhanced Action,...

I write to you in connection with the editorial “India lost the plot at Durban” in The Hindu of 13th December 2011. What prompted me to write to you was the inaccurate assessment of the deliberations in Conference of Parties at Durban and the lack of appreciation in the editorial of India's important contribution towards a possible future arrangement on Climate Change. At the outset, allow me to mention that to...

-The Economic Times Nobel laureate and professor of economics at Harvard University, Amartya Sen believes developed world policies are worsening the global crisis and leaving emerging economies exposed. During an interaction with the press, he also said the recent rupee depreciation needs to be viewed holistically and is not necessarily a 'train crash'. Excerpts: What is your assessment of the current global situation? I think the global situation is pretty bad...

Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...

Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...