A good monsoon forecast strengthens prospects for India to cut sugar Imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...

Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe...

The Empowered Group of Ministers (EGoM) on Friday urged the Planning Commission to work out the number of Below Poverty Line (BPL) households and the households' size that would be eligible for Rs. 3 per kg discounted food grains under the proposed National Food Security Bill. The Tendulkar Committee report had placed the BPL percentage at 37.2 which, at 2005 population and household size, works out to about 7.14 crore households...

The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...

The Right to Food Campaign on Tuesday expressed its disappointment with the “narrow manner'' in which the proposed food security Bill was being formulated and sought a public debate on the subject. They resolved to intensify their efforts to secure a legal right to food and nutrition for all. At a meeting with Union Food and Agriculture Minister Sharad Pawar, a delegation of activists said the proposal to provide 25 kg...