More than a thousand villagers from Chhattisgarh's coal-rich Raigarh district have expressed their opposition to a mine proposed by Vedanta Resources, a giant multinational. Vedanta, if granted clearance, hopes to mine four million tonnes of coal a year to fuel the expansion of its 810-MW captive power plant on the Bharat Aluminum Company (BALCO) premises in Korba, Chhattisgarh. Vedanta acquired a 51 per cent stake in BALCO in 2001, and the...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

Export curbs during 2008 crisis ‘exacerbated' situation. The Food and Agriculture Organisation on Wednesday said short-term policy actions, especially curbs on exports, could have harmful effects in the longer term and even aggravate the situation. In statement put on its website, the organisation, a body of the United Nations, pointed out at the 2007-08 crisis in the global food market as an example of how such decision can exacerbate the situation...

A leading Indian biochemist has urged the environment and forests ministry to lift the moratorium on Bt brinjal, the country's first genetically modified (GM) food crop developed using a technology supplied by the US multinational seed giant Monsanto. 'The moratorium is not affecting the multinational companies but India's own scientists who are ready with more than a dozen GM crops, including (Vitamin-A rich) golden rice,' said Govindarajan Padmanabhan at the Indian...