The Economic Survey on Friday favoured a phased opening of foreign direct investments in multi-brand retail saying it could help address concerns of consumers and farmers, besides bringing technical know-how. Even as the debate over FDI continues, the survey said during 2011-12, projects worth Rs 24,143 crore are expected to be completed adding a capacity of 168.6 lakh square feet. "Permitting FDI in retail in a phased manner beginning with metros and...
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An indictment of the World Bank schemes by K Subramanian
THE WORLD BANK IN INDIA - Undermining Sovereignty, Distorting Development: Edited by Michele Kelley, Deepika D'Souza; Orient Blackswan, 3-6-752, Himayatnagar, Hyderabad-500029. Rs. 895. This book is a collection of essays covering an array of economic issues ranging from agriculture, poverty, food security, power, water, to governance, environment impact and sustainability of growth, and the impact of the World Bank on them. Even a cursory reading would show that it is a...
More »Obama Visit and Indian Agriculture: Profit Surge for American MNCs and Peril for Indian Farmers! by Vijoo Krishnan
A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...
More »Below the radar, a new agribusiness pact with the U.S. by Gargi Parsai
The MoU is also intended to give a push to private investment in agriculture The government last week quietly secured Cabinet approval for a new agreement with the United States that aims, inter alia, at promoting the privatisation of agricultural extension services and facilitating collaborations between American agribusiness and the Indian farm sector. The proposed Memorandum of Understanding with the U.S. on ‘Agriculture Cooperation and Food Security’ was approved on...
More »We need to build our food security: MS Swaminathan
If we can have a nuclear submarine programme, a space missile programme, cricket sponsorship programme by individuals like Sharukh Khan, why can’t we have a programme to save rotting paddy lying across the country,” says Dr MS Swaminathan highlighting the parody that India’s is currently facing. In Ludhiana to address the convocation of Punjab Agriculture University the scientist and Member of Parliament speaks to ET highlighting that the future belongs...
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