State-owned trading firm MMTC Ltd, the Indian Farmers Fertiliser Cooperative (Iffco) and the conglomerate Bharti Enterprises plan to join the growing number of Indian entities engaged in commercial farming in Africa. Cheap land and labour costs in Africa are attracting a number of Indian firms with interest in agriculture. A large number of people in East African countries such as Kenya work in the cultivation of tea, coffee, corn, vegetables, sugarcane,...
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Displacement
KEY TRENDS • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...
More »Abandoning godowns, FCI opts for the open by Manish Tiwari
Hemant Gupta’s 30,000-tonne capacity godown for storing foodgrain is one of the largest in Ferozepur, Punjab. In 1978, the Food Corporation of India (FCI) hired it on a monthly rent of Rs75,000, or 50 paise per sq. ft—eventually raised to 80 paise per sq. ft. In 2004, Gupta says, FCI abruptly vacated his godown and stocked the grains in the open nearby. “See the rot within FCI,” says an exasperated Gupta. “They...
More »Prices soar, 61,000 tonnes of foodgrain rot by Nitin Sethi
The government admitted to the empowered group of ministers (EGoM) on food and prices that 61,000 tonnes of foodgrain had rotted in its granaries as it was kept with poor protection for too long. The EGoM headed by finance minister Pranab Mukherjee was ascertaining the status of overflowing stocks in Food Corporation of India godowns. Sources said Haryana and Punjab were unable to protect or sell the 15.5 million tonnes...
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