In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...

Some of the developing world's biggest greenhouse gas emitters are bidding to delay talks on a new climate agreement. To the anger of small islands and other vulnerable countries, India and Brazil are joining rich nations such as the US and Japan in wanting to start talks on a legal deal no earlier than 2015. The EU and climate-vulnerable blocs want to start as soon as possible, and have the deal finalised...

-Reuters   Countries will make a last ditch effort to save a dying Kyoto Protocol at global climate talks starting on Monday aimed at cutting thegreenhouse gas emissions blamed by scientists for rising sea levels, intense storms and crop failures. Kyoto, which was adopted in 1997 and entered into force in 2005, commits most developed states to binding emissions targets. The talks are the last chance to set another round of targets...

The 17th Conference of Parties (COP) under the UN Framework Convention on Climate Change (UNFCC) is being held in Durban, South Africa, from November 28 to December 9, 2011.   Urgent action is required to arrest the inexorable rise in global CO2 emissions. What are the issues before this important international meeting on Climate Change?   The last meeting of the COP was held in Cancun, Mexico, in December 2010. The 17th COP will...

The Planning Commission has received a sweeping set of recommendations that proposes free health care and medicines for diverse needs to all Indian citizens, irrespective of economic means. Whether or to what extent the proposals — described as “even bigger” than the UPA’s blockbuster job scheme — will be accepted will depend on the political and executive leadership. If the government throws its weight behind the initiative, it will effectively mean...