Standing on the shimmering white beach and gazing out at the turquoise blue waters of the Arabian sea, it is hard to believe that a decade ago this international tourist destination was under siege by mounting heaps of garbage. But Kovalam, about 12 km north of Thiruvananthapuram, capital of southern Kerala state, has been declared a ‘zero waste area’ by a women’s self-help group (SHG) which is engaged in recycling waste...

Singapore spot market, not production costs, driving Indian petrol price Have you ever wondered why when petrol prices go up or down they do so uniformly across the retail outlets of the three oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum? If they are three different companies with their own refineries and distribution systems, then surely their costs and selling prices must be different? Welcome to the strange world...

Industrialised countries are increasingly outsourcing part of their emissions of greenhouse gases to emerging economies such as China and India through global trade, a new study has revealed. The study by an international team of scientists has also shown that greenhouse gas emissions in the atmosphere have rocketed to unprecedented levels despite the global financial crisis (GFC) two years ago. Although the GFC did lead to a temporary dip in emissions from...

-PTI   The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the recovery last time, will get bogged down.  The UN 'World Economic Situation and Prospects 2012' report has cut the global growth forecast for next year to 2.6 per cent from 4 per cent in...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...