Tuesday, October 12, 2010

12 October 2010


1. The BASIC group of large developing nations – India, China, Brazil and South Africa.


Year-end U.N. summit at Cancun in Mexico.


Association of Small Island States (AOSIS) has been calling for a climate deal that would limit global temperature increases to 1.5 degrees centigrade by 2050.
The BASIC, however, wants a 2 degree cap, citing the need for the developing countries to be able to continue their growth, and the absence of any agreement with developed nations on equity in using carbon space. The small island States have argued that their very survival is at stake.



2. Peter Diamond and Dale Mortensen of the United States and British-Cypriot Christopher Pissarides won the 2010 Nobel Economics Prize on Monday for work on why supply and demand do not always meet in the labour market and elsewhere.


The trio's model helps explain why unemployment persists and proves stubbornly resistant even when economic circumstances improve. It also helps identify areas for government policy action, pinpointing for instance what governments can do to improve employment and prevent long-term unemployment through training.


3. T. Nagar, Chennai redevelopment becose of 300 RSPM permissible limit of 100 microgram cubic metre RSPM. The Respirable Suspended Particulate Matter

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