A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...

The year 2010 is almost certain to rank among the three warmest years since the beginning of instrumental climate records in 1850, with the possibility of topping the chart, the United Nations World Meteorological Organization (WMO) reported today. The global combined sea surface and land surface air temperature for January–October is estimated at 0.55 degrees Celsius, plus or minus 0.11 degrees, (0.99 degrees Fahrenheit, plus or minus 0.20 degrees) above the...

The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition.   There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...

The world has made significant progress in income, education and health over the past 40 years, but the gains have been uneven and in some places war and the ravages of AIDS shortened life spans, according to a United Nations report on Thursday. Over all, average life expectancy around the globe jumped to 70 years in 2010, up from 59 in 1970. School enrollment through high school reached 70 percent...

India has slipped to 87th spot in Transparency International’s latest Ranking of nations based on levels of corruption, with the global watchdog asserting that perceptions about corruption in the country increased in the wake of the Commonwealth Games Against the backdrop of alleged irregularities in the recently held Commonwealth Games (CWG), India’s perceived corruption levels have gone up, with a corresponding worsening of its world Ranking. According to Transparency International’s Corruption...