The Ficci-Yes Bank report on farm mechanisation couldn’t have come at a more appropriate time. For one, since it suggests waiving of VAT and excise duty on farm machinery, this is the time the Budget exercise has just begun. More important, the study points out that, while the use of new devices in performing key farm operations is vital for doubling agricultural growth from the present 2 per cent, the...
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UN opens Biodiversity Year with plea to save world's life-supporting ecosystems
In a bid to curb the unprecedented loss of the world's species due to human activity – at a rate some experts put at 1,000 times the natural progression – the United Nations is marking 2010 as the International Year of Biodiversity, with a slew of events highlighting the vital role the phenomenon plays in maintaining the life support system on Planet Earth. “Humans are part of nature's rich diversity...
More »Eventful year for Supreme Court J Venkatesan
Notwithstanding controversies, it passed several important judgments The year 2009 was eventful and memorable for the Supreme Court and Chief Justice of India K.G. Balakrishnan. The Court faced several controversies, the NOTAble being the collegium’s decision to elevate Karnataka High Court Chief Justice P.D. Dinakaran as one of its judges. This controversy was preceded by a clean chit to Punjab and Haryana High Court Judge Nirmal Yadav in the Rs....
More »Noted Gandhian goes on hunger strike
The National Alliance of Peoples’ movement (NAPM), an organization of dozens of grassroots movements and civil society groups all over India, has expressed full solidarity with noted Gandhian Himanshu Kumar of Vanvasi Chetna Ashram demanding restoration of peace and just governance in Chhattisgarh. Himanshu Kumar has gone on an indefinite hunger strike at Dantewada in Chhattisgarh from Saturday December 26 amidst reports of government’s preparation to launch an all out...
More »Decade of debt-fuelled boom and bust by Larry Elliott
Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...
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