Tag archives for India - Page 9

9/11, the International Tragedy

Our thoughts are with the parents who have lost their children, children who lost their parents, and friends and loved ones who lost that special person in their lives--here in the USA and around the world.

CSR: A Dubious Option in the Developing World

Ann Bernstein leads the Centre for Development and Enterprise in Johannesburg, South Africa. In her new book, The Case for Business in Developing Economies, she makes the case that the problem is not unethical corporations. Instead, she insists there are not enough businesses operating in countries like South Africa, which suffers from an unemployment rate that is anywhere from 24% to 33%.

Microfinance: A Nightmare for Some Indian Women

In India, Andhra Pradesh's government is considering legislation that would curb lending rates and avert abuses that MFIs often undertake in recouping their loans. These borrowers, most of whom are women, feel squeezed between the MFIs and the self-help groups (SHGs) under whom they work. But they may finally gain some help--their plight has caught the attention of officials who feel they can no longer just shake their heads as they read the daily newspapers, which have highlighted these deaths.

Indian Parliament Mulls Mandating 2% CSR Tax on Businesses

One country’s legislature is mulling the wisdom of mandating larger companies to spend some of their profits on doing good. India’s Parliament is mulling a bill that if passed, over 3400 companies would have to set aside 2% of their average net profits over the next three years for funds dedicated to CSR initiatives.

The Hypocrisy Over Coal

Last week the World Bank voted to loan Eskom, a South African energy producer, US$3.75 billion to build a new coal power plant. Politicians in the UK and my beloved USA went ballistic. They howled that it was a tragedy for the World Bank to sabotage the work that has been done at ameliorating climate change.

The Case Against a Carbon Tariff

Much of the conflict over climate change between developed and developing countries focuses on who should pay for the transition away from fossil-based fuels. Some in the West say that countries with less stringent environmental laws, such as India and China, should be subject to a carbon tariff, often referred to as a border adjustment tax.
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