Have the Cancun Agreements set Kyoto Protocol on a path to eventual death? No. Killing Kyoto would require a 2/3rd vote by the 180-plus member countries. There is too much guilt involved in that. But the Agreements have prepared the ground to render the Protocol hollow and meaningless - left to survive a vegetative, inconsequential life even as a new and unequal global regime takes ground. The Kyoto Protocol was...

Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...

This week’s good news on food price inflation was evened out by the bad news on fuel prices hike. But, both were along expected lines. Thanks to the so-called “base effect” — the fact that last year this time food prices were rising sharply and since last year’s prices become the denominator in this year’s price ratio, the rate of inflation would be expected to moderate — and to an...

The CPI(M) today said the government has "no mandate" to negotiate the Indo-European Union Free Trade Agreement (FTA) without consulting Parliament and political parties as it would adversely affect the economy and large sections of the people. Maintaining that negotiations on FTA "till date have been conducted under a veil of secrecy", it claimed that the Government has in the past signed agreements that "affect large sections of the people adversely...

South Asia in general and India in particular have the dubious distinction of standing out for wrong reasons every time a new global poverty report is released. We not only have the largest number of underweight children, a very high maternal mortality rate and the world’s highest number of out of school children but we also top the global malnutrition chart. (See links below for more details)  However the 2011 United...