Indian policymakers are debating doing away with the mandatory rating of financial instruments in the long-term, among a set of measures aimed at strengthening the regulatory and disclosures regime for credit ratings. The expert group, set up by the High Level Coordination Committee on Financial Markets (HLCCFM), has made specific recommendations on improving and disclosing the way credit rating agencies rate financial instruments, and has sought debate on the very...

With international talks on climate change starting next week in Copenhagen, India staked out its early position on Thursday by announcing that it would slow the growth of the nation’s greenhouse gas emissions by 2020, while also leaving open the possibility of taking bolder steps if an “equitable” deal can be reached during the negotiations. The Indian initiative, presented in Parliament by the country’s top environmental official, means that India has...

The United Nations predicted today that the world economy would bounce back next year with a global growth rate of 2.4 percent, but warned of a risk of a double-dip recession if the wrong policies are implemented. “We’re not out of the woods yet,” said Rob Vos, Director of Development Policy and Analysis from the Department of Economic and Social Affairs (DESA), ahead of the launch next month of the...

A new United Nations-backed report calls on countries in the Pacific Ocean region to scale up their response to HIV and AIDS, which is being fuelled in the region by violence against women, stigma and unprotected sex. According to “Turning the tide: an OPEN strategy for a response to AIDS in the Pacific,” the first report published by the Commission on AIDS in the Pacific, an estimated 59,000 people were...

On the completion of two decades of the Convention on the Rights of the Child, the global community is nowhere close to making this world a better, safer and healthier place for its children. The biggest challenges continue to be in South Asia and Sub-Saharan Africa where primary health care, education and protection from poverty, diseases, exploitation and abuse are still big problems. In the area of under five mortality ratings,...