-The Christian Sciences Monitor Wealthy Western nations are financially exhausted and unwilling to commit to help fund greener development for poorer nations. Will this week's conference in Rio find any solutions? So what happens if you hold a UN conference on sustainable development, and world leaders make speeches, and sign treaties, and then nothing happens? This, of course, would be absurd. The problem, says Bill Easterly, a development expert at New York University,...

Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...

Of late, a childhood friend's 80-year-old mother has taken to writing. Emboldened by her single-mindedness, memories dulled by a lifetime of contingencies now respond readily to the daily rustle of pen on paper. One memory stands out in Surjit Kaur's mind. In 1957, as a fresh eyed schoolteacher from Delhi she went on an educational tour to Uttar Pradesh, Madhya Pradesh, Bihar and West Bengal. It was 10 years after Independence...

-The Hindustan Times From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. The white paper does not, however, disclose names...

The government may make mandatory the disclosure of high-value purchases such as property and jewellery. Stung by growing public outrage over corruption, finance minister Pranab Mukherjee will on Monday spell out steps taken and planned to curb proliferation of black money. There are no clear estimates of the size of India’s Black economy but the amount is pegged between $462 billion (Rs.22 lakh crore) and $1.4 trillion (Rs.77 lakh crore). Mukherjee...