Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...
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India maintains high growth rate
India's economy grew faster than expected in the second quarter of its financial year, figures show. In the three months to September, gross domestic product (GDP) was up 8.9% from the same period last year. However, inflation remains a real concern for authorities with new figures showing prices rising by 9.7% in October. Although only the world's 11th biggest economy, India is the second fastest-growing major economy, behind China. Strong farm production, increased vehicle...
More »Clearance for field trial of Genetically Modified rubber? by KA Martin
I have not received any official communication: Kerala Minister The proposed field trial comes at a time when natural rubber production has virtually stagnated In the face of opposition from the Kerala government to all genetically modified (GM) crops, the Genetic Engineering Approval Committee (GEAC) is learnt to have approved a proposal from the Rubber Board for conducting field trials of GM rubber. The GEAC has been constituted by the Union Ministry...
More »Her Sinister Ring Tone by Shantanu Guha Ray
NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...
More »Ministry for merging BPL, caste censuses by Ruhi Tewari & Sangeeta Singh
In a move that might put the Union government in conflict with the states, the ministry of rural development has recommended merging the census to identify below poverty line (BPL) families with the caste census to accelerate the process of determining the number of poor, according to a person familiar with the matter. The caste census, conducted by the Registrar General of India, or RGI, is due to begin on 1...
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