-The Hindustan Times Had the world's leaders decided to ensure that global warming would increase to 3 to 4 degrees Celsius, perhaps to 5 degrees Celsius, instead of the 1.5-to-20 degrees Celsius threshold (over preindustrial temperatures) that scientists believe earth can tolerate, they couldn't have acted more purposively than they did at the Durban climate conference. If this sounds like a harsh judgement that radically differs from the official spin that...
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Food inflation at four-year low of 1.8%
-The Business Standard Economists question veracity of the data; say too early for RBI to cut rates. Food inflation for the week ended December 10 fell to a four-year low of 1.81 per cent, after declining to 4.35 per cent last week. The decline is much sharper than what Chief Economic Advisor Kaushik Basu expected — he had predicted less than three per cent food inflation by early January. What’s more, many...
More »India lost the plot at Durban
-The Hindu In any reasonable reckoning, the outcome of the 17th meeting of the Committee of Parties (COP) of the United Framework Convention on Climate Change at Durban was a triumph for European climate diplomacy, placing it firmly once again in the position of a global climate leader. In the run-up to Durban, Europe had offered to support a second commitment period for the Kyoto Protocol in exchange for a “road...
More »As losses mount, Areva goes in for huge job cuts by Vaiju Naravane
French nuclear giant Areva, which is planning to sell India six masssive1650 MWe EPR nuclear reactors for the Jaitapur site in Maharashtra, is facing serious financial difficulties with net losses in 2011 placed at well over €1 billion. Areva's CEO, Luc Oursel, announced drastic job cutbacks and the sale of over €2 billion worth of assets, essentially in the company's uranium mines sector, to offset these losses. Trading in the company's...
More »At 8%, plunging food inflation brings back smiles
-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,...
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