-PTI   When it comes to companies bribing public officials when doing business overseas, India's score has improved the most in a global index, rights group Transparency International said on Wednesday.  Nevertheless, India still ranks near the bottom of the global Bribe Payers Index, as there was a high likelihood of Indian companies paying bribes abroad.  In a list of 28 countries, India has been ranked 19th, while China and Russia fared the worst,...

-Reuters   The world's trading nations are succumbing to protectionism in the wake of the global financial crisis, limiting exports of food and raw materials and installing new import barriers, the WTO warned on Friday. Commodities export restrictions from Indian cotton and Ukrainian wheat to Chinese rare earths and coal are "not without hazards", the World Trade Organization said in the report that assesses the protectionist behaviour of more than 180 nations. The...

A LEAFY VILLAGE in Kerala, Pathanpara, never found access to India’s electricity grid. That is why for the last several years, this village has been generating its own electricity. Raju, a dhoti-clad cashew nut farmer, operates Pathanpara’s five kilowatt (KW) micro hydropower plant. He lives in the village and earns a salary of Rs 2,250, paid by the People’s Electricity Committee (PEC). The power generated is shared equally by the village,...

Rita Sharma, Secretary of India's National Advisory Council (NAC), has been appointed to a new commission on climate change to be chaired by Britain's chief scientific adviser Sir John Beddington. The new Commission on Sustainable Agriculture and Climate Change, has been set up by the Consultative Group on International Agricultural Research's Research Programme on Climate Change, Agriculture and Food Security program (CCAFS). Sharma is among 13 members of the commission which, in...

The United Nations Conference on Trade and Development (UNCTAD) today cautioned on rampant speculations in the global commodity markets which is fuelling unprecedented price hikes around the world, with worst effects on poor countries such as India. "Financial speculation in global commodities trade is a source for concern as it contributed to steep price hikes," UNCTAD's Secretary General Supachai Panitchpakdi said on the sidelines of a special meeting convened by UNCTAD...