Last year may have been a cruel year for much of the country with slow Growth and double-digit food inflation, but India's high net worth individuals (HNWIs) prospered — just over 120,000 in number, or 0.01% of the population, their combined worth is close to one-third of India's Gross National Income (GNI). HNWIs, in this context, are defined as those having investable assets of $1 million or more, excluding primary...
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Monsoon rains 11.1 per cent below normal: Sources
India's annual monsoon rains, vital to the trillion-dollar economy's farm output and economic Growth, were 11.1 percent below normal for June 1-23, sources at the weather office said on Thursday. "We are still hopeful of an improvement in rainfall by June end," a senior official at the India Meteorological Department, who could not be named as he is not authorised to speak to the media, said. On Wednesday, the Met...
More »Foodgrain output in India seems stagnant for 10 years by Jayashree Bhosale
An analysis of the remote sensing data collected by Nasa satellites on the changes in vegetation in India during the last 25 years has confirmed the bad news: The Growth rate of foodgrain production in India has been stagnant in the last decade, which crop statisticians have been aware of for some time now. A nine-member team of scientists from Nasa, the Boston University and the Indian Institute of Tropical...
More »“Review implementation of rural job scheme”
CUDDALORE: As labour shortage has been “daunting the farm sector,” the Joint Action Council of farmers' associations has appealed to the government to review the implementation of Mahatma Gandhi National Rural Employment Guarantee (MGNREG) Scheme that takes away a major chunk of the workforce. The JAC, which met here on Monday , adopted a resolution. It said that besides the vagaries of weather, what was hindering the Growth of the farm sector...
More »Why is feeding the hungry so controversial?
The US Senate is expected to pass the Global Food Security Act, new legislation that would significantly expand the government's commitment to combating hunger worldwide with a broad range of measures and more money, and a special coordinator, or "food czar", to oversee implementation of these provisions across agencies. A proposed new fund would allocate several billion dollars over five years to research and development, to enhance "food security, agriculture productivity,...
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