A renewal of concern about fiscal management in India is partly due to the resurgence of populism even in a post-election year. Instead of working to reduce the subsidy bill, various political elements seem to be pushing for even higher subsidies. The recent decision of a group of ministers to absorb higher import and production costs of fertilisers by raising subsidy, rather than increasing prices, is just one example. Some...
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Where genetically modified crops are grown
THE world's farmers planted 148m hectares of genetically modified crops in 29 countries last year, according to the International Service for the Acquisition of Agri-biotech Applications, an industry body. America is by far the biggest GM farmer, with 66.8m hectares under cultivation, 2.8m more than in 2009. As can be seen in our map, GM technology has been enthusiastically embraced in the Americas and in many Asian countries. By contrast,...
More »13 farmer suicides in MP in 4 yrs: Govt
Madhya Pradesh witnessed as many as 27,254 suicides between January 1, 2007 and January 31, 2011, but only 13 farmers took their lives due to debt or poverty during this period. Amid claims and counter-claims over suicides by debt-ridden farmers, the state government provided these figures to the Assembly in a written reply on Tuesday. The government claimed only one farmer took his life due to debt/poverty in 2009, two each...
More »Karnataka Budget gives prime place to agricultural sector by S Rajendran
Estimated expenditure on farm and irrigation sectors is Rs. 17,857 crore The agricultural sector has been given prime place in the State Budget presented to the Legislative Assembly on Thursday by Chief Minister B.S. Yeddyurappa, who also holds the Finance portfolio. Mr. Yeddyurappa's focus on agriculture is reminiscent of the Union Budget presented by the first Janata Party Government of Morarji Desai in the post-Emergency era. The estimated expenditure on agriculture and irrigation...
More »India Coca-Cola compensation law is passed in Kerala by Jyotsna Singh
The southern Indian state of Kerala has passed a new law that will allow people to seek compensation from the soft-drink giant Coca-Cola. The company is mired in controversy over its bottling operation in Palakkad district, which campaigners say has caused environmental damage. They say it has also led to a severe water shortage in the area. Coca-Cola's Indian subsidiary - Hindustan Coca-Cola Beverages (HCCB) - has rejected the charges. In a statement, it...
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