As bank gears up for competition, it may further dilute environmental safeguard policies WITH financial institutions of emerging economies like India and China getting big time into development lending, the World Bank plans reforms to attract its borrowing countries. Some of the important plans are to disburse loans faster and on flexible terms. Bank watchers and civil society groups say the reforms, expected to be in force by the year-end, would...

-Reuters   Clad in white home-spun garments and living in a spartan room of his village's Hindu temple, Anna Hazare is an unlikely thorn in the side of the government hundreds of miles away in New Delhi. And yet for millions of Indians, he is a 21st-century Mahatma Gandhi, inspiring a rare wave of protests against the spiralling corruption that has tarnished the up-and-coming image of Asia's third-largest economy. Like Gandhi, who led India's...

The Orissa government suspends the land acquisition for the Posco project in the face of stiff opposition from the people. SIX years ago, when the South Korean steel giant Posco arrived in Orissa with the biggest ever foreign direct investment that had come the country's way, it was expected to help rid the economically backward State of its ‘poor' tag and bring prosperity. Posco had won the $12 billion deal at...

-The Business Standard There are better ways to curb it than a Guest Control Order No one can deny that in a country like India, wasting food and ostentatious consumption at social gatherings are a social crime. A social movement espousing moderation in consumption habits would instantly strike a chord with a large number of Indians. Also, few would deny that India’s newly rich and upwardly mobile like to indulge in conspicuous...

More than one billion people will not get the basic sanitation and the clean water promised as such projects shrink sharply as a proportion of global aid budgets. A key development goal to halve the number of people without access to basic sanitation by 2015 will be missed because donor countries have diverted aid money away from unglamorous water projects, according to the World Bank and the charity WaterAid. Aid to...