India's forest cover has declined by 367 sq km between 2007 and 2009. While the figure may not seem alarming, it runs counter to the impression that afforestation and conservation programmes are yielding results. The largest dip in forest cover was in the northeast which lost 550 sq km. This loss was very partially made up elsewhere, even as there was an overall negative growth in green cover. There was better...
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Seeking Aid For Low Carbon Growth by Keya Acharya
After pushing for financing adaptation at the just-concluded United Nations climate talks at Durban, India is hitting every button for aid in executing its low-carbon growth plans. This despite India (and China) refusing to sign new climate agreements at the U.N. Framework Convention for Climate Change (UNFCCC)’s 17th conference of the parties (COP 17) in the South African city. India, in fact, has a well-drawn out policy and action plan for climate...
More »FDI row: India Inc's overseas retail biz on high FDI by Pradeep Thakur
While the government may be finding it difficult to get its FDI in multi-brand retail pass the test of Parliament, India Inc has been pledging huge investments in wholesale and retail trade abroad, including in countries like the US and the UK. In the 2010-11 fiscal, investments of Indian companies in wholesale and retail trade overseas went up 78% as compared to the previous year - up from $1,052 million in...
More »Green climate fund faces delay amid mounting objections by Urmi A Goswami
In a setback to the climate talks underway in Durban, discussions on finance, a key element of a successful outcome, appear to have hit the slow road. The discussions on the two integral elements - the Green Climate Fund and sources for long-term funding - have been put on hold. With the fate of the climate fund with predictable fund source hanging in balance, it is perhaps time for India to push...
More »Farmers dump paddy for more profitable vegetables by Nidhi Nath Srinivas
Sivadasan's five-acre farm used to be a solitary patch in Kerala's Palakkad district, with bitter gourd, cucumber, cow peas and lady's finger growing amid a landscape dotted with paddy fields and plantations of rubber and spices. Just five years later, more than 1.45 lakh farmers in the southern state have joined Sivadasan and started growing vegetables, reflecting a palpable shift sweeping across the Indian countryside. "Vegetables are always more profitable than paddy,"...
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