-Outlook New Delhi: Sanitation activists today observed 'World Toilet Day' and alleged that 3.75 crore lavatories in India as claimed by Ministry for Rural Development did not exist and were "missing". Activists of Right to Sanitation (RTS) Campaign's India chapter demanded an inquiry into the "huge gap" in the number of toilets existing on the field and the number provided in the data by the Rural Development Ministry and Census 2011. On the...
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Climate talks: wealthy countries urged to foot bill for weather-related disasters-John Vidal
-The Guardian Developing countries threaten to walk out of UN talks in Warsaw over failure to reach agreement on financial recompense The proposal by developing countries that their wealthier counterparts be held financially responsible for the damage incurred by extreme climate events such as typhoon Haiyan and droughts in Africa has become the most explosive issue at the UN's climate change conference in Warsaw. With neither side prepared to give way on...
More »G77+China group walk out after stalemate on Loss and Damages modalities-Nitin Sethi
-The Hindu Warsaw: The G77+China group of 133 countries walked out of negotiations on Loss and Damage at around 3:30 am on Wednesday morning after the rich countries refused to budge from the position that the subject should be discussed only after 2015. The US, Australia and Canada have been the most vocal and trenchant advocates against setting up a separate mechanism on Loss and Damage while the EU, though not belligerent,...
More »Negotiators pinning hopes on rich nations’ bounty at climate talks -Vishwa Mohan
-The Times of India WARSAW: Though the ongoing climate talks has failed to bring cheer to developing countries as rich nations have, so far, not made any commitment to set aside a corpus to battle global warming, hope springs eternal for the negotiators. They are expecting that the high-level ministerial round may throw up a pleasant surprise, where developed countries would finally pledge a sum -$20-$30 billion annually - for assisting poor...
More »Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty
-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...
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