The building collapse in Uttam Nagar that killed four people last week has again exposed how the Municipal Corporation of Delhi (MCD) as well as the state government are mired in large-scale corruption. The major cause of the incident, in which four people were killed, was reportedly the flouting of construction norms by the builder. Officials from MCD told Tehelka on condition of anonymity that the number of illegal buildings goes...

-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...

One hopes that the hotly contested Lokpal Bill will reach its final denouement during the winter session of Parliament. In fact, the debate on corruption in Parliament and media has focused on the single demand for the establishment of an omnipotent institution of the lokpal with its powers of enforcing the citizen’s charter, establishing state-level lokayuktas and encompassing the bureaucracy from a peon to head of the department. It has...

-Reuters   India's growth story is still "credible" and the move to open up the economy to global supermarket chains will help growth and control inflation, RBI governor Duvvuri Subbarao said on Friday. "It's commendable that government has taken the initiative. Let's hope that it will improve the logistics chain and supply chain management in agriculture," Subbarao said in a speech in Chandigarh. Late Thursday, the government approved 51 percent foreign direct investment in...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...