The Fukushima disaster has prompted calls to review legislation passed by the Indian parliament in August 2010 that capped compensation payable, in the event of a nuclear accident, at 320 million U.S. dollars. "Fukushima showed what the potential damage from an accident could be," M.V. Ramana, physicist and well-known commentator on nuclear energy safety issues, told IPS. "The economic damages [at Fukushima] must have certainly exceeded the compensation allowed in the nuclear...

Wants limit to be raised to 49% Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent. The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment. Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and...

Why don’t we see more Indian language content on the internet? For instance, there are over 200 odd million people who can read and write in Hindi. But Hindi doesn’t figure in any listing of the top ten languages used on the internet globally. Japanese, a cussedly difficult language to read or write, makes it to the top five. This, from a country with less than one-tenth the population of India. It...

In yet another step towards modernising India's postal services, Union Communications and Information Technology Minister Kapil Sibal on Wednesday launched ‘e-post office,' the e-commerce portal of India Post that will provide various postal services online. ‘Transact anytime' “Earlier, consumers used to go to service providers but now services providers are going to consumers… this is the future of the 21st century. The portal will enable customers to transact postal business anytime and...

With the number of non-governmental organisations growing in the country, the government is planning to bring them under a regulatory mechanism to make them accountable. As of now, there are no specific laws or regulations to regulate volunteerism in India. A task force, constituted to examine the issues related to the evolution of an independent, national level, self-regulatory agency for the voluntary organisations and develop accreditation methodologies by the Planning Commission,...