-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-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...

-The Times of India Of all the warnings about dramatic effects of climate change, a leaked draft UN report is the most vigorous in arguing that fears of an ice-free Arctic Ocean in summer months can become a reality if global temperature rises by more than 2 degree Celsius over current levels. The draft copy of the UN's Intergovernmental Panel on Climate Change report says there is a 90-100% chance that the...

-The Economic Times DOHA: India faces the risk of devastating drought as monsoon rains are likely to have a shortfall of 70% in the years ahead, as climate change shakes up global weather phenomena, recent research and experts at a global conference said. The risk of adverse changes in global weather is aggravated by the fact that international efforts to act against climate change have been blocked by deep divisions among the...

-Down to Earth An ecologist has been guarding seeds of more than 750 rare rice varieties for over a decade Lit by a kerosene lamp, the two-room hut just outside a sleepy hamlet in Odisha’s Rayagada district can easily pass off as any other farmer’s house in this tribal region. Step inside it, and one is taken aback by the hundreds of earthen pots labelled with coded stickers stacked in a corner...