Familiar battle lines emerged on Sunday on the eve of a conference to restore the credibility of the UN's talks on climate change after last year's near-disaster in Copenhagen. Campaigners said the interests of the environment and poor countries would not be sacrificed to help boost the faltering process, while the European Union (EU) called on China, the United States and India to agree to "fair" curbs on their carbon emissions. Nearly...

Keen to act as a "bridge" between developing and developed nations at the UN climate summit in Cancun beginning tomorrow, India has offered two proposals on the issues of monitoring of national emissions cuts and sharing of green technologies with poorer countries. "We need to be practical and cannot remain frozen and should engage with all countries as part of our foreign policy," Environment Minister Jairam Ramesh said recently about...

In the run up to the next global jamboree on climate change, in the tourism-cum-summitry town of Cancun, Mexico, the government has come out with an Indian view of global warming, based on indigenous research. The upshot of the effort is a much more worrisome portrayal of the challenge of climate change. The Indian studies forecast that mean temperature will rise in India by around 2ºC by 2030, rather than...

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...

Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh. In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come...