-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...

-The United Nations World leaders, along with thousands of participants from governments, the private sector, non-governmental organizations (NGOs) and other groups will come together in Rio de Janeiro, Brazil, to take part in the UN Conference on Sustainable Development (Rio+20) later this month. The Conference seeks to shape how countries and their citizens can reduce poverty, advance social equity and ensure environmental protection to achieve long-term growth. Seven key areas have been identified...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...

-The United Nations   The United Nations launched today an information system to improve and expand the exchange of weather, climate and water data, which can be used for disaster risk reduction, water management, food security and health purposes.   The World Meteorological Organization (WMO) Information System will facilitate access to meteorological observations and products, making it easy to share them with a wide variety of stakeholders. According to WMO, this will translate into free...

Patna, Dec. 9: Health hubs in the state capital are ill-prepared to fight a fire like the one that claimed more than 80 lives today at AMRI Hospitals in Calcutta. Most hospital and nursing homes in the city lack fire-fighting equipment or plan to evacuate patients and employees in case of a blaze. The state does not have any fire prevention rules, as the draft of the law has been entangled in...