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...

Dumps trickle into the rivers and occasionally collapse, flooding homes and fields with muddy water The reddish hills dot large tracts of the Goan landscape—mounds of waste soil and other debris that have been left behind after iron ore was dug out from some 95 mines. Accumulating since the 1960s, the dumps, as they are known, are estimated at 750 million tonnes (mt) and consist of top soil, mud and iron...

-Bloomberg Talks on EU climate policies may get new impetus after Denmark takes over the rotating presidency in January The European Union (EU) is set to resume talks early next year about moving to a stricter carbon goal after countries worldwide backed its plan to start work toward a climate treaty that will be enacted by 2020. Europe pledged on Sunday after the conclusion of a two-week United Nations (UN) climate summit in...

-The Telegraph   The main points agreed upon in the Durban talks: Kyoto protocol extension After the failure of Copenhagen in 2009 to come up with a new, internationally-binding deal and only incremental progress a year later in Cancun, a partial legal vacuum had loomed as drafting a new UN treaty is extremely time-consuming. Sunday’s deal extends Kyoto, whose first phase of emissions cuts run from 2008 to the end of 2012. The second commitment...