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How to rebuild confidence in food markets after this summer’s spike in wheat prices

REGULARITY and repetition—of returning rains, of seasonal temperatures, of the cycles of life and death—are the essence of agriculture. So perhaps it is not surprising when events recur. In 2007-08, food prices soared. Mozambique and 30 poor countries endured food-price riots. Russia led a procession of grain exporters to Restrict sales. And the world had to face up to changes in the pattern of food demand, reversing decades of declining...

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World Bank okays $220 mn for Kosi flood rebuilding

The World Bank has approved a $220 million credit to support rebuilding efforts in areas affected by the devastating Kosi floods in Bihar. The Bihar Kosi Flood Recovery Project will finance flood recovery efforts through the reconstruction of about 100,000 houses, 90 bridges and 290 kilometres of rural roads, the World Bank said in a statement. It also aims to reduce future oriented risks by strengthening flood management capacity, Restoring livelihoods...

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In new Bill, Govt looks at annuity for farmers as in Haryana and UP by Swaraj Thapa

The government is ready with a revised Land Acquisition (Amendment) Bill 2010 that has kept the inteRest of farmers and landowners in mind, officials today asserted in the backdrop of Rahul and Sonia Gandhi’s strong pitch favouring a pro-farmer policy on the contentious issue. Officials in the Rural Development Ministry today hinted that the revised Bill may contain provisions that will allow for better and adequate compensation for those whose land...

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Central sops to stop paddy diversion in Kerala by M Sarita Varma

As rubber prices soared to Rs 180 per kg, even land, which is not traditionally best suited for rubber is getting converted in Kerala, thus shrinking the area under paddy cultivation. To stop diversion of paddy area towards rubber farms, the Kerala government has decided to implement a Rs 2,111-crore central package for paddy development in Kuttanad district, major producer of rice in the state. “Procurement price of paddy is now as...

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River ‘god’ throws out Dow from Pune

Dow Chemical, which bought the Bhopal disaster-tainted Union Carbide, will abandon a proposed research hub in Pune and return the land because of protests by an influential sect which fears pollution of a revered river. Dow India, an arm of the US giant, will return the 100 acres to the Maharashtra Industrial Development Corporation (MIDC), the state government entity yesterday told Bombay High Court where a suit against the project has...

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