-The Times of India NEW DELHI: As a humongous natural calamity grips Uttarakhand, it is now emerging that the state has had no disaster management plan worth its name despite the region being highly disaster prone due to fragile mountains, tectonic activity and climatic events. A Comptroller and Auditor General (CAG) released as recently as on April 23 this year says that the State Disaster Management Authority, which was formed in October...

-The Economic Times Japanese companies do not mind erring on the side of caution. They are known to think longer and harder than their counterparts in other countries about big decisions, especially when it comes to entering a new market or acquiring a foreign company. But Japan's third biggest drugmaker Daiichi Sankyo would now wish it had spent more time doing due diligence on Ranbaxy Labs, in which it bought a...

-The Telegraph The Maoist attack in Chhattisgarh has jolted the security establishment, which was till recently celebrating recent successes against the rebels. Union home ministry sources said the massacre would go a long way in repairing the shattered morale of Maoist cadres, who were on the defensive following a coordinated blitzkrieg by the central and state police forces. Sustained security operations in the past three years had reduced the 39-member central committee of...

-The Telegraph Kolkata: Chief minister Mamata Banerjee today flagged a four-member panel headed by a retired judge, a task force and an ordinance in her first comprehensive comments on the Saradha Group collapse that has triggered fears of a default contagion in Bengal. It was not clear if it was a stray remark or addressed at those seeking immediate relief for depositors but the chief minister also said that "ja gechhey ta...

-Agence France-Presse Washington: The World Bank warned on Sunday that global temperatures could rise by four degrees this century without immediate action, with potentially devastating consequences for coastal cities and the poor. Issuing a call for action, the World Bank tied the future wealth of the planet -- and especially developing regions -- to immediate efforts to cut greenhouse gas emissions from sources such as energy production. "The time is very, very short....