A couple of years ago, Mahabubnagar district in India’s southeastern state of Andhra Pradesh had one of its driest years since 1929. The region recorded 90 percent less rainfall than the norm. But the mass exodus expected when droughts cause crops to fail didn’t happen. Men didn’t leave to work in cities. They stayed put. This was partly down to a network of 8,000 highly motivated women. The Adarsha Mahila...
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Global food prices increase for eighth straight month, UN agency reports
Global food prices rose for the eighth straight month in February, the United Nations Food and Agriculture Organization (FAO) reported today, while also warning that unexpected spikes in oil prices could exacerbate an already precarious situation in food markets. The FAO Food Price Index – a measure of basic food prices at the international level – averaged 236 points in February, up 2.2 per cent from January, the highest record in...
More »Recent oil price surge adds to concerns over high food prices
Global food prices increased for the eighth consecutive month in February, with prices of all commodity groups monitored rising again, except for sugar, FAO said today. FAO expects a tightening of the global cereal supply and demand balance in 2010/11. In the face of a growing demand and a decline in world cereal production in 2010, global cereal stocks this year are expected to fall sharply because of a decline in...
More »High on rhetoric, low on delivery by Himanshu
Budgets are no longer statements of accounts or expenditure. In the contemporary context, they are to be seen more as a statement of intent, ambition, reform and politics of inclusion. If these are the parameters on which Budget 2011 is to be judged, it fails despite an implicit statement of intent. For a government which has been elected on the agenda of inclusion, even the statement of intent is not new....
More »Agriculture reform key to India budget by James Lamont
Pranab Mukherjee, India’s finance minister, put the rural economy at the heart of a national budget on Monday, saying ridding the farm sector of crippling supply bottlenecks would be his “focus” in the coming fiscal year.A market-neutral budget supporting agriculture, welfare schemes and the extension of banking services to more people was designed to dispel any sense that the Congress party-led government was in drift after a series of high...
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