The genetic diversity of the plants that we grow and eat and their “wild relatives” could be lost forever, threatening future food security, unless special efforts are stepped up to not only conserve but also utilize them, especially in developing countries. This is one of the key messages of the second report on The State of the World’s Plant Genetic Resources for Food and Agriculture, launched today by FAO. The...
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Conserving plant genetic diversity crucial for future food security – UN
The world’s food security could be threatened by the failure to conserve the wild plant species that are genetically related to the crops grown by mankind for food, the United Nations Food and Agriculture Organization (FAO) said in a new report released today. In the 350-page report, FAO warns that the loss of biodiversity will have a major impact on the ability of humankind to feed itself in the future, with...
More »Nabard objects to proposal on business houses taking over RRBs by Dinesh Unnikrishnan
Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...
More »Delhi claims maximum of Farmers’ loan
According to the National Bank of Agriculture and Rural Development (NABARD) data on loans given out by nationalised and cooperative banks, there are more farmers doing agriculture in Delhi than Madhya Pradesh, Uttar Pradesh, Karnataka and West Bengal. The farmers in Delhi were allotted loan of Rs 22,077 crore in 2009 alone at mere 5% rate of interest, which is the second highest after agriculture-rich Punjab. Delhi’s loan disbursal amount is bizarre,...
More »Suicide leash on lenders
Public uproar over 20 suicides in two months has forced the Andhra Pradesh government to act to regulate micro-finance institutions. On October 14, the state government brought an ordinance making it compulsory for MFIs to register themselves, declare the effective rate of interest they charge, ensure that no security is sought for loans and no coercion is used for recovery. Non-compliance will be punished with a three-year prison term and a...
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