Industrialised countries are increasingly outsourcing part of their emissions of greenhouse gases to emerging economies such as China and India through global trade, a new study has revealed. The study by an international team of scientists has also shown that greenhouse gas emissions in the atmosphere have rocketed to unprecedented levels despite the global financial crisis (GFC) two years ago. Although the GFC did lead to a temporary dip in emissions from...

-The Economic Times   India's food inflation eased to a four-month low in the week to 19 November as vegetables, cereals and eggs turned cheaper. The decline in the reading for the fourth consecutive week came as a respite to the government struggling to recover from a string of recent bad tidings.  Data released by the commerce and industry ministry on Thursday showed the wholesale price index for food articles rose 8% year-on-year,...

The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...

FDI in single-brand retail raised from 51 to 100%   In a bid to remove the impression that UPA-II is suffering from a “decision making paralysis” and kicking off the second generation reforms, the Union Cabinet on Thursday gave its approval for 51 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single-brand retail. The decision is likely to clear the decks for the entry of foreign...

The growing public support for Anna Hazare-style protests, led by unelected campaigners, bode ill for Indian democracy, distinguished academic and Labour Peer Bhikhu Parekh warned while delivering the 2011 Jawaharlal Nehru Memorial Lecture here on Monday. The Indian democracy, he said, was in danger of losing legitimacy if elected politicians failed to meet public expectations and people, in frustration, started mobilising around “leaders” who had no democratic mandate but could have...