Page 6 - Developed Nations

Action on climate change needs timely aid from developed nation: India

COP21 decision mandates that before 2025, parties shall set a new collective quantified goal from a floor of USD 100 billion per year, considering the needs and priorities of developing countries.

India seeks compensation for climate damages caused by rich nations

The 2015 Paris climate agreement included language to address "loss and damage," but it left questions about liability and redress unanswered

Deal struck on $100 bn a year climate aid plan for poor countries

The plan is seen as critical to the success of the United Nations COP26 climate summit scheduled to begin Oct. 31 in Glasgow, Scotland

Global debt jumps to new high of $226 trillion, says IMF report

Sees risk of sizeable sell-off in stocks

IMF sees inflation subsiding in 2022, supply risks may keep it elevated

Emerging market and developing economies will see inflation declining to about 4% next year after peaking at 6.8% this fall

Rich nations to miss $100 bn climate fund goal even by 2025, says Oxfam

Data shows that the pace of boosting the funding slowed further in 2019, growing just 2% to $79.6 billion from 2018.

Wealthy nations will have 1.2 billion Covid-19 doses they don't need

Health advocates worry that the slow pace will prolong the pandemic and increase the risk more worrisome variants will emerge

India says will oppose 'regressive proposal' by rich nations on carbon tax

India will instead seek more action from European nations and the US, says Environment Minister.

Indian equity markets hit new highs to rub shoulders with developed ones

Benchmark indices of US, UK, Germany & India have climbed to a new peaks

BASIC nations bat for finances from developed world to fight climate change

The 30th session of the ministerial committee was held on Thursday which was headed by Union Minister Prakash Javadekar

Best of BS Opinion: Avoid fresh lockdown, rational expectations, and more

Here's a selection of Business Standard opinion pieces for the day

IMF chief warns of 'lost generation' if poor nations don't get more help

Setbacks for living standards in developing countries would make it much more difficult to achieve stability and security for the rest of the world, she said

Combating climate change

US must ensure that developed world does its bit

Safe or unsafe? The best and worst places to be in the Covid-19 era

The result is an overall score that's a snapshot of how the pandemic is playing out in these 53 places right now

Why countries like India don't want to wait for superpowers' Covid vaccines

Groups such as the World Health Organization, Gavi, the Vaccine Alliance are working to ensure that coverage extends beyond the developed world

Reducing debt will end poverty trap for poor nations: World Bank chief

Developing countries and emerging markets face dire economic consequences from the pandemic given inadequate healthcare systems

WHO, 37 countries launch alliance to share tools to battle Covid-19

The WHO issued a "Solidarity Call to Action", asking other stakeholders to join the voluntary push.

India is a developed economy and ineligible for GSP benefits: US

GSP is America's oldest preferential trade scheme, which offered Indian exporters tariff-free access to the US until June, when all benefits were suspended

Developed nations not taking action to reduce carbon emissions: Javadekar

'We need an open source approach for climate change innovation and should not profit while tackling a disaster', said Javadekar

Middle age misery peaks at age of 47.2, says new economic study

Dartmouth College Professor David Blanchflower, a former Bank of England policymaker, studied the data across 132 countries to measure the relationship between wellbeing and age