-NDTV India is likely to raise diesel prices after the presidential polls on July 19, an oil ministry official said on Thursday, as the government attempts to cut the amount of money it pays out to keep prices lower. "This has been the thinking for quite some time," that a price rise could come after presidential polls, the official said, requesting anonymity. "It is inevitable. By how much I can't say," he added. The...

-Reuters Inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the central bank at its review next week, a Reuters Poll showed. The wholesale price index, India's main inflation gauge, is expected to rise 7.60 percent in May versus a year ago, compared with April's 7.23 percent, the poll of 31 analysts showed. Forecasts ranged from...

-Reuters The Congress party trailed in fourth place as vote counting neared its end in Uttar Pradesh on Tuesday, a bitter election blow to Rahul Gandhi who had staked his political future on reviving his party's fortunes in the state. Gandhi, scion of the Nehru-Gandhi dynasty that ruled India for most of its 65 years of independence, had campaigned tirelessly to revive his party in the politically crucial state where it has...

-The Telegraph   The world’s nations negotiating for years on strategies to combat climate change have agreed for the first time to work towards a new pact that would force all big polluters, including emerging economies such as India and China, to curb their greenhouse gas emission. A UN climate change conference in Durban concluded this morning after negotiators from more than 190 countries agreed to consider a new document that would carry...

-Reuters   Kyoto Protocol extended; environmentalists, small nations say deal lacks ambition, does not do enough Climate negotiators agreed to a pact on Sunday that would for the first time force all the biggest polluters to take action on greenhouse gas emissions, but critics said the action plan was not aggressive enough to slow the pace of global warming. The package of accords extended the Kyoto Protocol, the only global pact that enforces carbon...