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Birmingham Chamber of Commerce and Industry

August 1st, 2008

'Promoting energy security will deliver climate change benefits as well' - Shyam Saran

Climate Group interviewed Shyam Saran, Special Envoy of Prime Minister Dr. Manmohan Singh, on climate change on July 10. Excepts from the interview.

Q: What do you think is needed for a successful outcome at Copenhagen? What key pieces need to come together for agreement?
A: The key pieces are spelt out in the Bali Action Plan itself. We need to agree on a long term vision and on practical steps to enhance the implementation of the four pillars of the Bali Action Plan. These are mitigation, adaptation, supported by finance and technology, which must be part of a comprehensive package. Furthermore, a successful outcome must be based on equity, as enshrined in the UNFCCC principle of "common but differentiated responsibilities and relative capabilities".

Q: What is the best way to create an international agreement that will enable India to decouple future economic growth from emissions growth?
A: The Prime Minister of India has already declared that as India pursues sustainable development, its per capita GHG emissions will at no point exceed those of the developed countries. This is a major contribution by India to the global effort to deal with climate change. It also reflects our view that eventually there has to be a global convergence of per capita GHG emissions. This is the only equitable basis on which existing atmospheric space can be shared. India's position in this regard has drawn a positive response from countries like Britain, France and Germany. We are prepared to work with the international community to give this convergence principle a practical shape.

Q: How can countries achieve similar effectiveness and equity within their internal climate policies and strategies?
A: India recycles over 70 percent of its waste, while this figure is only 30 percent in the U.S. and less than 50 percent in Germany. All countries must pursue ecologically sustainable policies at home, though their circumstances may be different.

Continued on page 2

Revisiting India's glorious victory in World Cup


The 25th anniversary of India's victory in the 1983 Cricket World Cup was celebrated in London on July 24 in grand style by Prudential Plc, the sponsor of the tournament.

The Indian High Commissioner to Britain Shiv Shankar Mukherjee was the chief guest.

Noting that India had made rapid progress in economic and other fields as well, he hoped that it would not take another 25 years for the country to win the cricket World Cup again. Mohinder Amarnath, who was the Man of the Match of the 1983 World Cup Final Match, star opening batsman and former India captain Sunil Gavaskar, and noted NRI industrialist Nath Puri, who had announced a cash award of $5,000 to each of the 15-member team that won the 1983 World Cup, were present on the occasion.



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LSE honours 'scholar and gentleman' RBI Governor Y.V.Reddy

The London School of Economics and Political Science (LSE) has awarded an Honorary Fellowship to the Governor of the Reserve Bank of India, Dr. Yaga Venugopal Reddy.

Described by one colleague as "a scholar and a gentleman", Dr. Reddy has been Governor of the Reserve Bank since 2003, is visiting professor at several Indian universities, and has served as executive director on the Board of the International Monetary Fund for India, Sri Lanka, Bangladesh and Bhutan.

He was also instrumental in setting up the IG Patel Chair, and the LSE India Observatory in honour of the School's former director. Lord Stern of Brentford (current holder of the IG Patel Chair) outlined some of Dr. Reddy's achievements in a speech, introducing him to the fellowship award and highlighting his commitment to helping the underprivileged.

He said: "Dr. Y. V. Reddy is an outstanding individual who has distinguished himself through his knowledge, service and commitment not only to India but to the wider global community. We are honoured that he is accepting an honorary fellowship at the School.

Continued on page 2

Stem cell research unit

The Union Cabinet on July 24 decided to set up an 'Institute for Stem Cell Science and Regenerative Medicine' in Bangalore.

The institute will help in "developing policies relating to stem cell technologies, identify needs, facilitate conceptualisation and design of new technologies", Information and Broadcasting Minister Priya Ranjan Dasmunsi told reporters after a Cabinet meeting. The institute, under the Department of Biotechnology, Ministry of Science and Technology, will be an autonomous organisation and be set up with an investment of Rs. 2.03 billion.

The Cabinet also approved the integration of the Stem Cell Centre at Christian Medical College, Vellore (now funded by the Department of Biotechnology), with the Bangalore institute.

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IT exports touch $40 billion

The Department of Information Technology (DIT) projections suggest a 28 percent-plus rise (in dollar terms) in the total value of software and services exports in 2007-08. In 2007-08, the vibrant software and services industry continues to ride the growth wave with the total value of software and services exports estimated at $38.54 billion compared to $33.34 billion in 2006-07, up 28.3 percent in dollar terms, DIT revealed in its estimates. DIT has also predicted a growth of 14.5 percent in electronics and IT exports, which it estimates at $41.55 billion in 2007-08 compared to $36.30 billion in 2006-07.

Industry body Nasscom had earlier announced that the country's software and services exports clocked a growth of 29 percent in 2007-08, notching up a revenue of $40.4 billion, up from $31.4 billion in the previous year. The overall IT-BPO industry, which also includes the domestic market, had registered a neat 28 percent growth touching $52 billion in revenue in 2007-08, it had said. Nasscom has further predicted that the software and services revenue growth will hover between 21 percent and 24 percent in the current fiscal, with the export segment forecast to reach $50 billion.

Intel launches the centrino 2

The world's largest semiconductor and computer microprocessor manufacturer Intel on July 15 launched worldwide its latest processors for notebook computers on its Centrino platform.

The Centrino 2, code-named Montevina during its development stage, is the fifth generation of Intel's mobile computing processor. Centrino was first launched in 2003 and refers to a particular combination of processor, chipset and wireless card for laptop computers. For a notebook to qualify as Centrino, the manufacturer must club all these parts from Intel. If any of the parts - wireless card, chipset or processor - is manufactured by some other company then the computer ceases to be referred to as Centrino.

On the other pages

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India Pakistan Sri Lanka Bangladesh UK

Indian News, Pakistan News, Sri Lanka News, Bangladesh News

India:Rupee gains 20 paise vs dollar; Sensex up 126 points.


Pakistan:Pakistan welcomes IMF $6.7bn lifeline

Sri Lanka:LankaClear posts Rs 189 m PAT


Bangladesh:GDP growth rises to 6.18pc, per capita income $ 1044 

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