-The United Nations International investments must give local farmers and active role and leave them in control of their land if they are to have a positive effect on the host country’s economy and advance development, according to a report released today by the United Nations food agency. Produced by the UN Food and Agriculture Organization (FAO), the report – Trends and Impacts of Foreign Investment in Developing Country Agriculture – emphasizes...

-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...

-Outlook The Supreme Court today granted two more months to the Income Tax department to transcribe the entire intercepted telephone conversations of corporate lobbyist Niira Radia. A Bench of justices G S Singhvi and S J Mukhopadhaya said that the department must place the transcript of entire 5,800 conversations, running into more than hundred hours, on January 8. "Complete the exercise in two months. Not possible to give you more time," the bench...

-The Hindustan Times In a report released in October, the Rome-based Food and Agriculture Oraganisation (FAO), which leads international efforts to defeat hunger, said that economic growth is not enough to reduce hunger and malnutrition. To beat the twin menace, it added, a country needs nutrition-sensitive agriculture, social protection and purposeful and decisive public policies. Both statements hold true for India. But the unfortunate part is that while the country has been...

-The New York Times Blog The strength and direction of the Indian economy may be up for debate, but one remarkable fact is not: There has been massive growth in the number and wealth of billionaires in India since the economic liberalization measures in 1991. The phenomenon has often been compared to the United States’ experience in the latter part of the 19th century. This was a period evocatively described by Mark...