-PTI Reflecting the concerns of India, the Rio+20 summit has said that developing countries needed additional resources for sustainable development and that unwarranted conditionalities on Official Development Assistance (ODA) and finance should be avoided. “We reaffirm that developing countries need additional resources for sustainable development,” said the 55-page declaration adopted at the end of the Rio+20 summit officially called “United Nations Conference on Sustainable Development”. Prime Minister Manmohan Singh, in his address at...

RIO DE JANEIRO: Making a strong pitch for removing poverty in india and reminding the developed world of its commitment to sustainable development, Prime Minister Manmohan Singh on Thursday called for setting up a global system that allows each country to develop according to its own priorities. "For developing countries, inclusive growth and a rapid increase in per capita income levels are development imperatives," the Prime Minister said in his...

-PTI India on Thursday said it is disappointed with the “weak” political will in developed countries to provide developing nations enhanced means of implementation of objectives of Green Economy, which will also be a “green-wash” if the process is not democratised. As around 100 world leaders including Prime Minister Manmohan Singh gathered in Rio de Janeiro for the Rio+20 Summit, India also firmly rejected unilateral measures and trade barriers under the guise...

If proof is needed of a policy paralysis, a recent official admission that poverty cannot be eradicated by 2020 cannot be dismissed out of hand. That this follows the Planning Commission's estimate of a rapid decline in poverty over the period 2004-05 and 2009-10 is not just intriguing but arguably schizophrenic. The former is utterly pessimistic while the latter is optimistic notwithstanding dubious price adjustments designed to deliver a favourable...

India won the day, with the 192 countries gathered at Rio de Janeiro agreeing that eradicating poverty should be given the highest priority, overriding all other concerns to achieve sustainable development.  After a bitter fight with the developed countries, who wanted the objective of poverty eradication be made subservient to creating a 'green economy', India's demand to put the goal of removing poverty above all other objectives in the final Rio+20...