The United Nations agency entrusted with accelerating sustainable industrial development in poorer states today pledged to help the world’s 49 least developed countries (LDCs), 33 of them in Africa, to withstand global financial crisis. “The global financial crisis is moving many LDCs into troubled waters with heightened risk to exports, investment, credit, banking systems, budgets, the balance of payments, and remittances, and, the most vulnerable are those countries which depend...

India must resist developed country pressure to cut its greenhouse gas emissions, goes the cry. Such a position helps only the rich, in a tearing hurry to grow richer, the environment be damned. It is in the interest of India’s poor for the country to adopt a stringent policy regime to control emissions domestically and thus contribute to a binding deal to cut emissions globally. Climate change has been identified...

Basic negotiating point is our low per capita income Between 1990 and 2005, emission intensity went down by 17.6 per cent NEW DELHI: India on Thursday announced 20-25 per cent carbon emission intensity cuts on the 2005 levels by 2020. This would be done through a series of measures including mandatory fuel efficiency standards for all vehicles, a compulsory green building code and switching over to clean coal technology. Following a four-hour...

India's economy grew at a faster-than-expected rate of 7.9% in the three months to September, compared to the same period last year. The growth was helped by government stimulus spending. A boost in manufacturing and services helped the country expand at the fastest pace for 18 months. Some analysts said this could give the central bank room to raise interest rates as early as December to combat rising inflation. "This data...

This has been a hot week for climate talks. The two laggards, China and the US, both departed from their no commitment stand to boldly announce the following: the US to reduce its carbon emissions by 17 per cent over 2005 levels, and China to reduce the intensity (CO2 emissions per unit of output) by 40-45 percent. Europe has already promised a 40 per cent cut in per capita terms....