-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
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The great Africa land grab-Phil Bloomer
-Farmlandgrab.org Oxfam’s Phil Bloomer reports on the shocking scandal of (mostly) secretive land-grabbing, usually from those least able to defend their rights Land grabbing has fast become a major threat to poor communities in Africa, Asia and South America. Poverty-stricken women and men are being driven from their homes and the land they rely on to grow food to eat and make a living, usually without compensation. In many cases this is...
More »Bihar Chhath tragedy: 9 children among 15 dead in stampede in Patna -Manish Kumar and Amit Chaturvedi
-NDTV Patna: Fifteen people, including nine children, were killed and many others injured in a stampede in Patna on Monday. The incident took place during the Chhath puja at Adalatghat Ghat on the bank of river Ganga. Patna District Magistrate Sanjay Kumar said, "There are total 15 dead bodies and their post-mortem was done last night. Out of these, nine are children." He also said that two of the injured are undergoing...
More »World Bank fears devastating 4.0 degree warming
-Agence France-Presse Washington: The World Bank warned on Sunday that global temperatures could rise by four degrees this century without immediate action, with potentially devastating consequences for coastal cities and the poor. Issuing a call for action, the World Bank tied the future wealth of the planet -- and especially developing regions -- to immediate efforts to cut greenhouse gas emissions from sources such as energy production. "The time is very, very short....
More »From plastic portable loos to Sanitary Bonds, India needs a latrine policy-V Raghunathan
-The Economic Times After Mahatma Gandhi, Jairam Ramesh is the only national leader to be genuinely concerned that 65 years after Independence, some 600 million Indians in the 21st century continue to use open skies as their latrines. While Lee Kuan Yew continues to exhort Singaporeans to have cleaner loos, our ministry of railways thinks depositing human excreta all along the country's length and breadth, including deep into the cities -...
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