India's economy grew at a faster-than-expected rate of 7.9% in the three months to September, compared to the same period last year. The growth was helped by government stimulus spending. A boost in manufacturing and services helped the country expand at the fastest pace for 18 months. Some analysts said this could give the central bank room to raise interest rates as early as December to combat rising inflation. "This data...
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Climate change - Promises, promises by Surjit S Bhalla
This has been a hot week for climate talks. The two laggards, China and the US, both departed from their no commitment stand to boldly announce the following: the US to reduce its carbon emissions by 17 per cent over 2005 levels, and China to reduce the intensity (CO2 emissions per unit of output) by 40-45 percent. Europe has already promised a 40 per cent cut in per capita terms....
More »The gloves go on
AT THE recent food summit in Rome, President Luiz Inácio Lula da Silva donned a pair of bright-red boxing gloves labelled “Hunger Free” and waved to the cameras. They were his prize—if that is the right term—for Brazil’s success in topping a league table drawn up by ActionAid, a British charity, of countries that have done most to reduce hunger*. The occasion was a stunt, of course, but had a...
More »China carbon cut target puts pressure on India
China's decision to unveil carbon emissions targets two weeks before the Copenhagen climate change summit has put pressure on India, a minister says. Environment Minister Jairam Ramesh has said China's decision is a "wake-up call to India". India, like China previously, says it will not commit to cuts until developed nations also pledge to meet targets. China said this week it aimed to reduce its "carbon intensity" by 40-45% by the...
More »Consternation over pre-Copenhagen statement of Jairam Ramesh by R Ramachandran
Two elements in statement caused most concern; "It has deviated from the text approved by PMO" The statement issued by Minister of State for Environment and Forests Jairam Ramesh at the pre-Conference of the Parties (COP) ministerial meeting of the U.N. Framework Convention on Climate Change (UNFCCC) held at Copenhagen during November 16-17 has caused considerable consternation among some observers of the evolving Indian policy on climate change. The crucial COP-15...
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