-The Indian Express Banning cotton exports hurts the farmer, signals India as an unpredictable supplier to the world Two days after the commerce ministry imposed a sudden ban on cotton exports, there are indications the government is preparing grounds for a facesaver. In all likelihood, a limited window may be opened at least for allowing exports for which registration certificates have already been issued by the Directorate General for Foreign Trade. Finance...
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Government taking fresh steps to build consensus on retail FDI, says Prime Minister
-The Economic Times Prime Minister Manmohan Singh on Tuesday assured industry that the Centre is making renewed efforts to open up foreign direct investment in multi-brand retail, despite Uttar Pradesh (UP) election results where the winning Samajwadi Party has opposed FDI in retail in its manifesto. Singh told a delegate of senior members of industry body Assocham that the Centre is taking fresh efforts to evolve consensus amongst the various stakeholders on...
More »Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari & Rituraj Tiwari
The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India. The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas. Agriculture secretary PK Basu said that the proposal is in a nascent stage. "We had...
More »Silent Report by Prabhat Patnaik
In a report released on January 30, and covered by the world’s press the next day, the United Nations has warned of a severe resource crisis that would overtake the world if current trends persist. A growing population and a rise in the number of middle-class consumers will increase the demand for resources so rapidly that even by 2030 the world will need at least 50 per cent more food,...
More »India top virtual water exporter by GS Mudur
An average Indian uses less than half the amount of water consumed by an average American, but India is the world’s largest net virtual water exporter, using more domestic water resources for export products than any other country, says a study. India’s per capita water consumption is 1,089,000 litres per year, while the average US consumer uses 2,842,000 litres, but trade leaves India with a net virtual water export of 95,000...
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