After pushing for financing adaptation at the just-concluded United Nations climate talks at Durban, India is hitting every button for aid in executing its low-carbon growth plans. This despite India (and China) refusing to sign new climate agreements at the U.N. Framework Convention for Climate Change (UNFCCC)’s 17th conference of the parties (COP 17) in the South African city. India, in fact, has a well-drawn out policy and action plan for climate...
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Climate deal salvaged after marathon talks in Durban by John Vidal and Fiona Harvey
Delegates clashed over attempt to make agreement legally binding until deal was struck in pre-dawn hours Countries have agreed a deal in Durban to push for a new climate treaty, salvaging the latest round of United Nations climate talks from the brink of collapse. The UK's cimate change secretary, Chris Huhne, hailed the deal, finally struck in the early hours of Sunday after talks had overrun by a day and a half,...
More »Much at stake for tech sector in UID project by Pranav Nambiar
With the Parliamentary Standing Committee on Finance raising a red flag against the National Identification Authority of India (NIAI) Bill to grant the UID (or Aadhar) project legal status, the project looks set for a slowdown . That could have broad implications for the tech sector that had laid substantial hope on it, especially when Global Markets are slowing down. The UID project is estimated to offer IT companies a Rs...
More »FDI in retail—UPA ‘retired hurt’ by P Sainath
Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...
More »Broken heartland
-The Business Standard Finance Minister Pranab Mukherjee explained the government’s helplessness over inflation in the Rajya Sabha with great eloquence on Thursday. Much of what he said may have solid economic fundamentals, but the United Progressive Alliance (UPA) government cannot claim helplessness forever — not when the signs of the cracks it is creating in India’s rural prosperity are becoming so obvious. If any one thing that has protected the Indian...
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