Global biodiversity has been declining alarmingly despite a pledge by world leaders in 2002 to help curb the loss of earthly life forms, a new United Nations-supported study shows. “Our analysis shows that Governments have failed to deliver on the commitments they made in 2002: biodiversity is still being lost as fast as ever, and we have made little headway in reducing the pressures on species, habitats and ecosystems,” said...

Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe...

With the government successfully managing to partially lighten its burden by switching over to a nutrient-based subsidy scheme for fertilizers, the Economic Survey has now raised questions on the impact that food, fertilizer, kerosene and diesel subsidies have on poverty eradication. Instead, it has pitched for direct subsidy to the poor instead of price control, ostensibly to reduce diversion to the open market, leakage and adulteration. “The impact of these [food, fertilizer,...

The global economic downturn could push an additional 21 million people in the Asia-Pacific region into extreme poverty, rolling back development gains, according to a United Nations-backed report issued today. The publication, launched in Manila, examines the toll that the crisis has taken on progress towards achieving the Millennium Development Goals (MDGs) – eight anti-poverty targets agreed upon by world leaders with a 2015 deadline – in the Asia-Pacific. Produced...

This report is sure to come as a shocker for all those who thought the worst was over after believing that the recession is petering out. The recently released World Economic Situation and Prospects 2010 (WESP) of the United Nations (UN), predicts that the economic growth in the developing world will remain well below the pre-crisis pace of more than 7 per cent per annum. China’s and India’s economies are...