-The Economic Times It's extreme weather season in Asia again. Deadly cyclones, blinding rain, floods and mudslides are becoming the norm from Nepal to Fiji. The world's policymakers must reflect on extreme weather patterns while budgeting their nations' finances. In Thailand last year's floods caused losses of $46.5 billion. Reconstruction costs will reach at least $50 billion, according to the government and UN's assessments. In Pakistan widespread flooding two years ago affected 20...
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Plan panel for revamping National Action Plan on climate change
-The Economic Times With carbon markets at an all time low and prospects of international long-term finance dim, the Planning Commission has suggested reworking the Rs 23,000 crore National Action Plan on climate change. It has reduced the number of missions and refocused them in line with "priorities". In 2008, the government had laid out a national strategy that would address India's development concerns and the challenges that climate change would present....
More »Farm loan target fixed at Rs 5.75 lakh crore: P Chidambaram
-PTI KARAIKUDI (TN): Disbursal of agricultural loans has been on the rise under the UPA regime and the target for this fiscal has been fixed at Rs 5.75 lakh crore, an increase of Rs 1,00,000 crore over the previous year, Union Finance Minister P Chidambaram said today. 'We have set a target of disbursing Rs 5,75,000 crore (loans) during this year (2012-13),' he said inaugurating the new building of Rural Training Centre...
More »Montek lectures Congress on subsidy slash-Sanjay K Jha
-The Telegraph One Singh has told the Congress what another Singh probably wants to: create a political environment conducive for reducing subsidies. Planning Commission deputy chairman Montek Singh Ahluwalia has told Congress MPs that subsidy cuts are essential if India has to preserve its growth momentum — a statement more in line with the known views of Prime Minister Manmohan Singh than the populist line preferred by many Congress leaders. Many Congress MPs,...
More »US politicians must regulate finance to tackle the drought and food-price crisis-Raj Patel
-The Guardian US leaders worked hard to tackle the 1930s drought and food crisis. Today they are supine, offering the hungry only prayers If you're wondering whether the US drought will create a global food crisis, the answer's easy. It's yes, because there's a food crisis already. The latest year for which we have figures is 2010, when 925 million people were declared malnourished. Soon after the number was announced, the World...
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