Around 80 per cent of global trade is transported by sea but challenging times are ahead for the shipping industry, which is faced with a surge in the supply of vessels and tumbling freight rates amid the economic crisis, says a report released today by the United Nations Conference on Trade and Development (UNCTAD). The agency’s Review of Maritime Transport 2009, known as RMT, notes that international seaborne trade grew...

Even as Reports pour in of a softening of food price futures, the spectre of food price inflation haunts households across the country. But to imagine that the inflation genie can be put back into the bottle through legislative fiat is the height of parliamentary fantasy. The Estimates Committee of the Lok Sabha has recommended just that! It wants new legislation to check price rise of essential commodities by capping...

Worthies such as Ratan Tata who have been lobbying the government to go easy on Union Carbide Corporation (http://www.indiaenvironmentportal.org.in/files/5_27.pdf) would do well to read Carbide’s useful FAQs on the 25th anniversary of the Bhopal gas tragedy, which claimed over 10,000 lives. Worse, over 5 lakh humans, including those born after the disaster, are still suffering the consequences of the gas leak. Even now, Carbide refuses to accept any kind of...

Seeking to set at rest Reports of differences with two key negotiators of the Indian team over the country offering unilateral concessions without obtaining any reciprocity and attempts to water down the Prime Minister’s per capita approach, Minister of State for Environment and Forests Jairam Ramesh said on Sunday that he held “discussions with them, and they continued to be [a] valued part of the negotiating team to guide us...

The road to Khardung La begins in the Indian town of Leh on the northwestern fringe of the Himalayas. Exhaust-spewing army trucks rattle up the side of dry rock, past Buddhist monasteries clinging to the craggy mountainside and alongside small farms barely scraping fertility from the earth. Khardung La, the highest motorable mountain pass in the world, is more than 18,000 ft. above sea level, the air so thin that...