-Agence France-Presse Washington: The World Bank warned on Sunday that global temperatures could rise by four degrees this century without immediate action, with potentially devastating consequences for coastal cities and the poor. Issuing a call for action, the World Bank tied the future wealth of the planet -- and especially developing regions -- to immediate efforts to cut greenhouse gas emissions from sources such as energy production. "The time is very, very short....
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New global CO2 emissions record in 2011: institute
-AFP Global carbon dioxide missions hit a new record last year at 34 billion tonnes, with China still topping the list of greenhouse gas producers, a German-based private institute said Tuesday. The Renewable Energy Industry Institute (IWR) said that the total amounted to 800 million tonnes more than in 2010, with China accounting for 8.9 billion tonnes -- far more than the US tally of 6.0 billion tonnes. The study found that after...
More »A futures shock from FCI-Devinder Sharma
-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...
More »Kudankulam on shaky legal ground-D Nagasaila and V Suresh
-The Hindu Violations of Coastal Regulation Zone and Environmental Impact Assessment notifications make official claims questionable The debate over nuclear energy will go on, but the issue with the Kudankulam Nuclear Power Plant (KKNPP) is one of the several illegalities on which it is founded. In 1988, India inked the Koodankulam Nuclear Power Plant deal with the former Soviet Union. Two key elements in it were: the highly dangerous and toxic “Spent Nuclear...
More »Is India’s Rising Billionaire Wealth Bad for the Country? -Vivek Dehejia
-The New York Times Blog The strength and direction of the Indian economy may be up for debate, but one remarkable fact is not: There has been massive growth in the number and wealth of billionaires in India since the economic liberalization measures in 1991. The phenomenon has often been compared to the United States’ experience in the latter part of the 19th century. This was a period evocatively described by Mark...
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