-The United Nations The presence of greenhouse gases in the Earth’s atmosphere last year reached its highest levels since pre-industrial times, a report released by the United Nations World Meteorological Organization (WMO) warns today. The latest edition of WMO’s Greenhouse Gas Bulletin, which places special focus on rising nitrous oxide concentrations, also notes that the rate of increase of greenhouse gases has recently accelerated. “Even if we managed to halt our greenhouse gas...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-The Economic Times   Governor of the Reserve Bank of India, D Subbarao said on Tuesday that India's food inflation was fanned by change in dietary habits. Commenting on high inflation, Subbarao said that underlying drivers of inflation have changed.  "India needs to address challenge of food inflation. Food inflation has substantially come down but over the last 3.5 years since 2008-2009, average food inflation has shot up higher than the past 6...

The climate change negotiations are deadlocked because of a basic difference of approach. Developing countries are calling for enhanced implementation of existing agreements, while developed countries are insisting on a new agreement that would shift a large share of their obligations to the shoulders of developing countries, particularly the ‘newly emerging economies’ like India and China. The European Union is calling for negotiations on a new agreement to replace the...

The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...