The government is divided over allowing foreign direct investment (FDI) in multi-brand and foodgrain retailing. While the Ministry of Finance is opposed to any change in the existing retail FDI policy, the Agriculture and Consumer Affairs Ministries, along with the Planning Commission, are open to the proposal mooted by the Ministry of Commerce and Industry. At present, FDI in these areas of retailing is banned. The finance ministry’s position gains significance in...

One billion people worldwide still live in extreme poverty Agricultural growth remains central to poverty reduction, as one billion people worldwide continue living in extreme poverty, many of them in rural areas, a World Bank Group on agriculture, the Independent Evaluation Group (IEG), said in a report released on Tuesday. Drawing on the World Bank Group's (WBG) experience in supporting agricultural growth in the past decade, the report — Growth and Productivity...

Steel giant Posco’s proposal for the largest foreign direct investment in India has failed to pass environment muster with a central panel picking flaws in the process to settle forest rights and approve the shortlisted site in Orissa. Three members of the four-person committee have recommended that the Union forest and environment ministry scrap its approvals while the remaining nominee has suggested that the exercise be carried out afresh. The panel’s recommendations...

“Punjab has suffered only debt, serious illnesses and polluted and scanty water sources” Appealing to the farmers and policy-makers to not emulate the Punjab model of Green Revolution, some farmers from Punjab said here on Sunday that the revolution had completely ruined the State. “Punjab is now called the cancer capital of India. The Green Revolution has given farmers only three things: debt, serious illnesses and polluted and scanty water sources,”...

India’s performance at the Commonwealth Games in 2010 has been its best so far – second on the medals list.However, another kind of ‘competition’ ranked 84 countries in accordance with achievements in a different field this week. India was a lowly 67th. The field was hunger, measured by combining the proportion of people undernourished, the proportion of underweight children and the child mortality rate. The Global Hunger Index (GHI) 2010 –...