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Rio+20 summit must move world beyond 'grow now, clean up later'-Connie Hedegaard

-The Guardian  The Earth summit has to ensure sustainability is at the heart of growth models – the swelling global population depends on it Growth in itself is neither our enemy nor our problem. But what kind of economic growth do we need? And do we want growth at any cost? A child born today is one of seven billion people on Earth, and during its lifetime will see the world's population grow...

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India’s low-carbon growth strategy-Nicholas Stern & Kirit Parikh

-The Indian Express   Rich countries must stop lecturing developing countries and accelerate their own efforts to cut emissions There is no shortage of people telling India what to do on low-carbon growth, but there is a shortage of understanding of what India is doing. Even the UNDP in its recent Asia Pacific Human Development Report urges emerging economies like India to do more for climate change. If one appreciates what India’s emissions are...

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Petrol price down Rs 2 a litre, another Re 0.92 cut next week

-The Times of India State-run fuel retailers on Saturday reduced petrol price by Rs 1.68 per litre, excluding state taxes. This means consumers in Delhi would pay Rs 2 less per litre at pumps from midnight and will see an additional 92 paise reduction next week after the local government notifies a reduction in the value added tax (VAT). In other states, the extent of decline would vary by a few paise...

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Wheat glut: farms face falling prices, rising costs-Ruchira Singh

-Live Mint After a record harvest of 90.23 mt this year, the govt’s wheat stocks were at 38.2 mt as of 1 May Worry lines run deep on the faces of wheat farmers in Sehrala in Haryana as falling prices, higher input costs and poor infrastructure erode earnings and cast doubt over not just their next crop, but their future in agriculture as well. Agents in the grain market of Ballabgarh said spot...

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Business proving disastrous in policy on food & agriculture

-The Economic Times Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, warns that India will have a record food grain stock of 75 million tonnes by June when wheat procurement for the year would be over. A third of it would be stored in the open, and vulnerable to damage from rain, as covered storage capacity is only 50 million tonnes. If these stocks are not run down...

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