-The Business Standard When the anti-Posco brigade celebrated the seventh anniversary of their agitation against the mega steel venture of the South Korean behemoth at Dhinkia near Paradip in Odisha last week, the noise they made against the project was drowned by the murmurs of a split in their ranks. After fighting against the project for the last seven years, Posco Pratirodh Sangram Samiti (PPSS) seems to be disintegrating, with many of...

-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...

-PTI Reflecting the concerns of India, the Rio+20 summit has said that developing countries needed additional resources for sustainable development and that unwarranted conditionalities on Official Development Assistance (ODA) and finance should be avoided. “We reaffirm that developing countries need additional resources for sustainable development,” said the 55-page declaration adopted at the end of the Rio+20 summit officially called “United Nations Conference on Sustainable Development”. Prime Minister Manmohan Singh, in his address at...

RIO DE JANEIRO: Making a strong pitch for removing poverty in India and reminding the developed world of its commitment to sustainable development, Prime Minister Manmohan Singh on Thursday called for setting up a global system that allows each country to develop according to its own priorities. "For developing countries, inclusive growth and a rapid increase in per capita income levels are development imperatives," the Prime Minister said in his...

India won the day, with the 192 countries gathered at Rio de Janeiro agreeing that eradicating poverty should be given the highest priority, overriding all other concerns to achieve sustainable development.  After a bitter fight with the developed countries, who wanted the objective of poverty eradication be made subservient to creating a 'green economy', India's demand to put the goal of removing poverty above all other objectives in the final Rio+20...