Reading the lines that Environment Minister Jairam Ramesh delivered in the Rajya Sabha on Tuesday and between them, the message is evident. “We have been successful in defending India’s national interests,” he said. “I didn’t go to Copenhagen with the mandate of saving the world or humanity. My mandate was to defend India’s right to develop at a faster rate. For Western countries, it is an environmental issue but for...

The Copenhagen Accord on climate change marks a shift from a government pledge to Parliament, environment minister Jairam Ramesh accepted today, but asserted that this would not compromise India’s sovereignty. Ramesh had committed to Parliament before leaving for the UN climate summit in Copenhagen earlier this month that India would only provide information about its domestic actions to curb greenhouse emission to the international community. But the accord crafted on...

The outcome of the Conference of Parties at Copenhagen is “good” but not “adequate,” R.K. Pachauri, chairperson of the Inter-governmental Panel on Climate Change, said on Wednesday. Talking to reporters here, he said the Copenhagen Accord provided a framework for working out a binding agreement, incorporating the details of the specific commitments by all countries, especially the developed nations. But it did not address the extent to which the developed nations...

The Opposition has slammed the government over the Copenhagen Accord, saying the document betrays developing nations, and has  compromised India's interests. In a lengthy speech in Parliament this morning, the BJP's Arun Jaitley said the Copenhagen Accord helps developed countries avoid the commitments they made under the Kyoto Protocol. Jaitley also said the  Copenhagen Accord permits international scrutiny of India's actions to deal with global warming, something that the government had...

The new joke on Dalal street is that gold prices are soaring, not because of increased demand in the US, India and china, but because Shilpa Shetty has bought half the gold in India for her wedding dress! Jokes apart, the yellow metal has hit headlines recently because of its spectacular rise. Prices have spiked as investors now prefer gold to the weakening US dollar. The US economy has lurched...