India's efforts to produce and supply life-saving drugs at affordable prices face challenges from multinational companies trying to “evergreen” their patents. THE average life expectancy across the globe has increased from around 30 years a century ago to over 65 years today. This has been made possible in large part by modern medicine. Never before in history have humans had access to such an array of medicines and devices to...
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Fat's in the fire as edible oil prices rise 10% by Namrata Singh & Surojit Gupta
Edible oil prices soared almost 10%-Rs 6 to 8 per kg-in the last one month, piling up pressure on the already vulnerable food inflation. Palm oil, which accounts for nearly half of India's refined oil consumption, went up Rs 10 per kg following a sharp rally in international markets. India imported about eight million tonne, or half of its domestic vegetable oil requirement, last year. A weakening rupee has been another...
More »Has poverty reduced in India? Surfers say 'No'
-The Hindustan Times The planning commission has released poverty data based on the 66th round of the National Sample Survey (2009-10) on household consumer expenditure survey. According to the new estimate, number of poor in India were 29.8% in 2009-10, down from 37.2% in 2004-05. The data is based on the daily per capita consumption of Rs 28 in urban cities and Rs 22 in rural areas in 2009-10. The same for June...
More »India sees biggest dip in poverty, but 360 mn remain poor-Chetan Chauhan
Rural people have driven India's record decline of 7.4 percentage points in the number of poor since economic reforms were initiated in the early 1990s. The latest poverty estimates by the Planning Commission show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05 — the difference being equal to the population of countries such as Spain, Argentina and Canada. The plan...
More »Near-record wheat production expected this year
-FAO FAO today forecast that 2012 world wheat production will be the second highest on record at 690 million tonnes and also announced that international food prices rose one percent in February — the second increase in two months. Published today, FAO’s quarterly Crop Prospects and Food Situation report forecast a 2012 wheat crop 10 million tonnes or 1.4 percent down from the record 2011 harvest but still well above the average...
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