-The Economic Times NEW DELHI: An expected 2°C rise in the world's average temperatures in the next decades will make India's monsoon highly unpredictable and by 2040, the country will witness a sharp reduction in crop yields due to extreme heat, a report commissioned by the World Bank cautioned on Wednesday. It said shifting rain patterns will leave some areas under water and others without enough water for power generation, irrigation or,...

-The Hindu   Ranbaxy's fraudulent practices may have jeopardised millions of lives in India, Africa and the U.S. Exactly two weeks ago, the pharmaceuticals industry was rocked by revelations that one of the world's largest generic drug manufacturers, Ranbaxy Laboratories, pleaded guilty to seven federal criminal charges stemming from its fraudulent production practices dating back to 2008, and agreed to pay U.S. regulators $500 million in fines. Much has since been said about Ranbaxy's...

-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...

-The United Nations The Asia-Pacific region, which has overtaken the rest of the world in consumption of raw materials as affluence and manufacturing increase, must boost its resource efficiency or risk losing ground in lifestyle, economic growth and environmental sustainability, according to a UN report released today. From 1970-2008, consumption of construction minerals increased 13.4 times, metal ores and industrial minerals consumption 8.6, fossil fuels 5.4, and biomass 2.7 times, according to...

-Reuters Millions of people in Maharashtra are at serious risk of hunger after two years of low rainfall, coupled with poor management of water resources, have left dams empty, farmland parched and cattle emaciated, aid agencies warned on Thursday. Maharashtra -- one of the country's biggest producers of sugar, pulses, cotton and soybeans -- is reeling from the worst drought in more than four decades after receiving less than 50 percent of...