-DNA India's rising affluence and water profligacy could trigger a food crisis very soon At first blush, there is a lot to be cheerful about. India's index of industrial production has resumed its climb. Stalled projects are being dusted and revived. There is a good chance that employment figures, too, will begin rising by the end of the next quarter. Then there is more good news. Per capital GDP (Gross Domestic Product)...
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Centre sits on royalty slabs for bio resources, loses Rs 25,000 cr a year -Jay Mazoomdaar
-The Indian Express It took the National Biodiversity Authority (NBA) six years, 18 drafts and a prod from the National Green Tribunal (NGT) to finalise the Guidelines for Access and Benefit Sharing (ABS) this August. Three months on, it is yet to notify the rules that would allow it to collect from domestic and foreign companies 0.1-1 per cent of their ex-factory gross sales of products using biological resources and traditional...
More »Creating 'Good Jobs': Assessing the Labour Market Regulation Debate -Radhika Kapoor
-Economic and Political Weekly The current regime seeks to reform labour laws with the understanding that these reforms will improve industrial growth and expand the possibilities of enterprise. However, there is already ample evidence from within India that this obsession with reforming labour law, particularly in the way the government has done it till now, will not take us any closer in creating more jobs or a healthy industrial sector. These...
More »Now high, now low of onion market in Karnataka -Girish Pattanashetti
-The Hindu Cabinet announces relief, rules out MSP HUBBALLI (Karnataka): The State Cabinet on Wednesday ruled out the possibility of a minimum support price (MSP) for onion while announcing a compensation of Rs. 9,000 a hectare for crops damaged due to rains in Chitradurga, Davangere, Gadag, Dharwad and Bellary districts. This has come on the heels of growers protesting crashing prices of their produce. A macro view of market scenario shows that fluctuations...
More »Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
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