14 Feb 2012

Preparations for the Rio+20 United Nations conference on sustainable development have begun, but the first round of preparatory meetings did not address important issues such as sustainable resource use, production and consumption.

As crude oil prices continue to rise, diesel price reform becomes even more essential. At stake is the longterm sustainable development of India. While the case for deregulation appears strong, diesel price control imposes many costs on our country.

The current diesel subsidy of about Rs 7 per litre costs state-run oil companies over Rs 125 crore a day.

Ensuring equitable economic growth and protecting the environment will be the most crucial challenges facing the Asian countries in the coming years, acclaimed academics said at a symposium yesterday.

Policymakers must come up with strategies from a new angle, unlike the traditional approach to growth which is not sustainable, they said at a symposium titled "Imagining Another Future for Asia:

ADB initiated the study on the Cross-Sectoral Implications of Biofuel Production and Use with the objective of generating scientific information on biofuel production and its use to facilitate implementation of the biofuel policy by the Government of India.

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