Farmers in Gadag district who succeeded in making the government revisit its decision to acquire land for housing South Korea’s Posco Steel Company, are now facing the prospect of their land being acquired for setting up agro-based industries. The government has decided to keep land ready in view of the Global Agri-Business Investment and Food Processing Meet 2011. This time, instead of Halligudi, over 3,800 acres in Petalur, Jantli-Shirur and Mevundi...

-The United Nations   The prices of grain and milk in the drought-hit Djibouti, Ethiopia, Kenya and Somalia have risen to record highs, exacerbating hardship for the estimated 12.4 million people in the region who are facing severe food shortages and famine in some parts of Somalia, the United Nations reported today. According to the August food price monitor of the UN Food and Agriculture Organization (FAO), the high prices of cereals...

Jairam Ramesh's removal as Environment Minister creates uncertainties for domestic environment policy and the deadlocked global climate talks. WHATEVER one may think of its overall impact, the recent Cabinet reshuffle was not exactly a damp squib. Its single most important component was Jairam Ramesh's replacement as the Minister of State with independent charge in the Ministry of Environment and Forests (MoEF) by Jayanthi Natarajan, a relative political lightweight with very little...

Mining firms have criticised the Indian government's decision to make them pay more tax to help develop tribal areas affected by the Maoist uprising. Various trade associations have denounced the bill, under which firms will pay upto 26% extra tax on profits. The new legislation is to be introduced during the new parliamentary session which started on Monday. Maoist rebels say they are fighting for the rights of indigenous tribal people and the...

-AFP   Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...