-The United Nations The number of displaced persons worldwide will significantly grow over the next ten years due to factors such as conflict, natural disasters and climate change, according to the flagship publication of the United Nations refugee agency, launched today, which stresses that international solidarity is needed to address the issue. “The world is creating displacement faster than it is producing solutions, and this means one thing only: More people trapped...

-The Economic Times The government has removed roadblocks to coal mining by leading business houses and taken the first step to relax scrutiny of corporate expenditure on oil and gas fields, in a burst of action that has cheered investors and industrialists in the languishing energy sector. A group of ministers recommended to the cabinet on Wednesday that Reliance Power's Chhatrasal block, which is attached to the 4,000 mw Sasan Ultra Mega...

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...

Mamata Banerjee today said private investors “are staying away from Bengal because land is not available for them”. However, she laid stress on the importance of public sector projects — the state has attracted some — saying “public sector investment is also investment”. The chief minister, whose government’s hands-off policy on land acquisition has so far acted as a deterrent for private industry, said at a railway programme in Hooghly’s Dankuni: “The...

Delhi high court to hear central bank challenge to CIC order seeking information on defaults by top industrialists The Reserve Bank of India (RBI) has challenged an order by the Central Information Commission (CIC) asking the central bank to disclose names of the top 100 industrialists who have defaulted on loan repayments. In a writ petition to the Delhi high court, which is scheduled to be heard on 29 May, the central...