The government is divided over allowing foreign direct investment (FDI) in multi-brand and foodgrain retailing. While the Ministry of Finance is opposed to any change in the existing retail FDI policy, the Agriculture and Consumer Affairs Ministries, along with the Planning Commission, are open to the proposal mooted by the Ministry of Commerce and Industry. At present, FDI in these areas of retailing is banned. The finance ministry’s position gains significance in...
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Agricultural growth remains central to poverty reduction, says report
One billion people worldwide still live in extreme poverty Agricultural growth remains central to poverty reduction, as one billion people worldwide continue living in extreme poverty, many of them in rural areas, a World Bank Group on agriculture, the Independent Evaluation Group (IEG), said in a report released on Tuesday. Drawing on the World Bank Group's (WBG) experience in supporting agricultural growth in the past decade, the report — Growth and Productivity...
More »Why Haryana ranks fifth in the Commonwealth by Mukesh Bhardwaj
If Haryana were a country, it would be fifth on the gold medal winners’ list at Delhi 2010 — after Australia, England, Canada and India-minus-Haryana. Fifteen of India’s 38 gold at the Commonwealth Games — nearly 40 per cent of the country’s best-ever haul — have been won by athletes from Haryana. For perspective, Haryana has 2 per cent of the country’s population and occupies 1.37 per cent of its land...
More »Nine firms selected to provide urban amenities in rural areas
In a first step of its kind, nine private companies have been shortlisted by the Union rural development ministry to develop infrastructure in the rural areas and maintain it for a period of 10 years. The project, envisioned as part of former President A P J Abdul Kalam’s pet scheme, Provision of Urban Amenities in Rural Areas (PURA), will see these nine private players undertaking pilot projects in January next year...
More »Monsanto against mandatory labelling of GMO products by MR Subramani
It favours companies voluntarily labelling products as not containing GMOs Monsanto not looking beyond Bt corn Controls on seed pricing opposed Monsanto, the biotechnology major, holds the view that mandatory labelling of products made from genetically modified organisms (GMOs) in India would make no sense. It favours options such as companies voluntarily labelling products as not containing GMOs, and individuals making a personal decision not to consume food containing GM ingredients. During an interview...
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