-The Hindu Mining companies have received favourable impact assessments even as they do great damage to the environment because regulators are willing to look the other way Last week, world leaders concerned about economic development got together at the International Monetary Fund, and gave a series of most instructive interviews. Our Finance Minister, P. Chidambaram, said that his problem was the slowing down of India's economic growth and reduction in government revenues....
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India buys land abroad, 9 times the size of Delhi -Snehal Rebello
-The Hindustan Times Mumbai: Indian companies have acquired land more than nine times the size of Delhi on foreign shores, as cultivable land at home is lost to urbanisation, industry and infrastructure projects. Land Matrix, a global land monitoring initiative that tracks land dealings worldwide, placed India among the top 10 countries that have acquired large tracts of land abroad, primarily for agriculture, in Africa and Asia. The country ranks eighth,...
More »The global implications of India's food security law-Nikhil Inamdar
-The Business Standard Balancing duty to the poor while mitigating 'policy externalities' arising out of the food bill is India's latest challenge The government has fought all odds to get the food security bill - an entitlement programme that covers 67% of India's 1.2 billion large population under a subsidised grain regime, passed in the Parliament. But the battle now shifts to the global stage with India having to convince negotiators, particularly...
More »Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine
-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
More »Good monsoon promises twin bonanza: Bumper Rabi crop harvest, spurt in hydel power supply -Vishwa Mohan
-The Times of India NEW DELHI: Good monsoon, between June and August, has substantially increased the water storage position of several reservoirs and river basins across the country, raising hope for bumper harvest for 'rabi' (winter-sown) crops and spurt in hydro-power generation. Water storage position data - released by the Central Water Commission (CWC) this month - shows that the country's 85 key reservoirs have collectively reported increase of around 35...
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