Having stitched together a climate deal at Copenhagen with a select group of countries, the government will have to do some explaining in Parliament on Tuesday on some provisions in the Copenhagen Accord, especially those relating to international verification of voluntary action taken by India on climate change. The government is expected to argue that agreeing to allow “international consultations and analysis” is in no way a matter of concern....
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Built on illusion by Jayati Ghosh
The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of Finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...
More »Price-busters on way
The government is planning to augment the supplies of essential items through imports to rein in food inflation which has flared up to a decade high of 19.95 per cent in the first week of this month. “Food prices are going up and this is an area of concern ... We have to take appropriate measures to see what best can be done by increasing the supply through imports,” Finance minister...
More »Food inflation soars to 20%
Food prices have hit a 10-year-high as supply shortages due to poor monsoon and floods in some parts finally bit hard, forcing a worried government to announce a step-up in imports and strengthening expectations of RBI tightening policy to stop a breakout of inflation in the wider economy. Prices of potato, other vegetables and pulses drove inflation to 19.95% in the year to December 5, surging from 19% in the...
More »India food prices hit 10-year high
Food prices in India have risen to a high of nearly 20% over last year, the highest rate in a decade. The federal Finance minister Pranab Mukherjee has said the government was planning to import food to ease prices. A short supply of food due to lower farm produce following drought and floods has led to the rising prices. Overall inflation in India has risen to 4.78% in November, up from...
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