The heat on telecom minister A Raja is rising, with the Comptroller and Auditor General holding him personally responsible for the sale of 2G spectrum at dirt cheap rates in 2008, resulting in a loss of up to Rs 1.70 lakh crore to the national exchequer. The damning indictment stacks the odds even higher against Raja, who is already under intense scrutiny by the telecom watchdog, civil society and the Supreme...
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Price Spikes Raise Spectre of Another Food Crisis by Matthew O Berger
While global food prices declined for the first half of this year, they have spiked in recent months, according to a new World Bank publication, and this volatility could in turn push up the local food prices of the world's poorest and most malnourished countries. The Bank's grain price index had declined by 16 percent over the first six months of 2010 before rising that same amount between mid-June and August....
More »Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek
Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...
More »Rise in sea level threatens coastal areas of India
Indian Ocean sea levels are rising unevenly and threatening the residents in some densely populated coastal areas of India and Bangladesh, besides the island nations of Maldives and Sri Lanka, a new study has said. Sea-level rise is particularly high along the coastlines of the Bay of Bengal and the Arabian Sea, as well as the islands of Sri Lanka, Sumatra and Java, says the study carried out jointly by the...
More »India Steadily Increases Its Lead in Road Fatalities by Heather Timmons and Hari Kumar
India lives in its villages, Gandhi said. But increasingly, the people of India are dying on its roads. India overtook China to top the world in road fatalities in 2006 and has continued to pull steadily ahead, despite a heavily agrarian population, fewer people than China and far fewer cars than many Western countries. While road deaths in many other big emerging markets have declined or stabilized in recent years,...
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