-PTI India is likely to be the second largest consumer of coal, surpassing the United States, in the next five years, says a report. “China and India would lead the growth in coal consumption over the next five years... while India will become the largest seaborne coal importer and second-largest consumer, surpassing the United States,” according to a report by International Energy Agency (IEA). The report further said that coal demand is expected...
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‘India lost $123 billion in black money in a decade’
-The Indian Express India lost a whopping $123 billion in black money during 2001-2010, making it the eight largest victim of illicit financial outflow, a US-based research and advocacy organisation said in a report. However, India’s black money loss of $123 billion in 10 years is far less than that of China, which according to the report suffered a loss of $2.74 trillion during the same period (2001 to 2010), followed by...
More »Areva closes in on key agreement for Jaitapur plant -Sandeep Dikshit
-The Hindu Unperturbed by protests against its proposed nuclear power plant in Jaitapur, Maharashtra, the French civil nuclear energy major Areva is now in the closing stages of striking an “early works agreement” with Nuclear Power Corporation of India Limited. This agreement, which is actually a series of studies to ensure that the reactor is in conformity with local conditions, is likely to take nine months. “Areva’s discussions with NPCIL are on....
More »Sibal to approach Cabinet on ITRs, as U.N. Summit on Internet control collapses -Shalini Singh
-The Hindu In a sensational development that impacts the Internet, a group of mainly African nations moved and won a resolution accompanied by a set of binding treaty-based International Telecom Regulations (ITRs) at the UN’s World Conference on Internet and Telecommunications (WCIT) in Dubai. The move was supported by China, Russia and mostly Arab states. At the last count, 89 countries had endorsed the global treaty on telecom regulations by Friday, with nearly...
More »Doha dithers on equity -Meena Menon
-The Hindu THE SUNDAY STORY The scientific evidence points to a warming world. That would affect human health and agriculture, but at the Climate Change Conference in Doha, many rich countries baulked at strong action. India and China lead the developing world in calling for more remedial funding. The World Meteorological Organization (WMO) times the release of its provisional annual statement with the U.N. climate negotiations. This year, it dwelt on the...
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