The chamber said concrete steps need to be taken to promote investment, given that recent data shows the investment growth rate slowed from 38.1% in 2007-08 to 36.5% in 2009-10 The Confederation of Indian Industry (CII) on Tuesday called for the government to provide tax incentives on agricultural activities in the forthcoming Budget to encourage private participation and adoption of new technologies in the sector. “CII has recommended encouraging private sector participation...

The Centre for Development of Advanced Computing (C-DAC), the pioneer of supercomputing in the country, is now assisting the Indian Council of Agricultural Research (ICAR) to establish a national agricultural bioinformatics grid. The initiative, the first of its kind in the country, will help scientists enhance agricultural productivity and address problems of food security. Under the project, a three-day training-cum-workshop on ‘parallel and high performance computing’ began at C-DAC on Monday, with...

There are many critics and sceptics with respect to the Mahatma Gandhi National Rural Employment Guarantee Scheme, which came into being because of political pressure that managed to overcome quite strenuous opposition from some of the most influential policy making circles. It is likely that much of this criticism is not really because of the declared reasons, like fiscal costs (which are thus far very little) and potential leakage. Rather,...

Work on India's sixth economic census will begin in 2012 as the government wants to give preference to enumeration of those living below the poverty line and a caste census. The economic census, which provides basic data on the number of enterprises and people employed in them, was originally planned to begin this month. "We are now looking to start fieldwork on economic census by February 2012," a senior official with...

Senior United Nations officials today called for urgent steps to rein in the rising prices for basic farm produce, petroleum and raw industrial materials whose volatility hits the world’s poorest people the hardest.     “Such volatility has huge negative impacts on vulnerable groups, such as low-income households in developing countries, for whom food expenditure can account for up to 80 per cent of household budgets,” UN Conference on Trade and Development...