Anand Sharma rules out loss of jobs or displacement of small vendors A re-orientation of the policy framework was the need of the hour and enhanced foreign direct investment (FDI) in multi-brand retail would transform the rural economy and generate massive employment and opportunities for both rural and urban youth. This was stated by Union Commerce and Industry Minister Anand Sharma here on Wednesday. This was his first comments to a discussion...

In an effort to help prevent dangerous contamination of food with melamine, a toxic chemical, the United Nations food standards body today set new limits for the amount of the substance that can be present in baby formula, other foods and animal feed without causing health problems. The maximum melamine allowed in baby formula was set at one milligram (mg) per kilogramme (kg) and 2.5 mg/kg in other foods and...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

PATNAGARH: For generations they have been weaving magic, from bamboo. But, traditional bamboo workers are now close to breaking and the onslaught of substitute materials and government policies since past some decades have driven bamboo weavers to poverty and starvation. The bamboo artisans of Kolpada in Khaprakhol block under Balangir district are leading a life of penury. Inhabited by primitive Kol tribe, by virtue of which the village gets its name,...

Over 11,000 acres of land has been brought under organic farming in Punjab and Haryana under a scheme sponsored by the Union Government. While 6,050 acres has so far come under organic farming in Punjab, Haryana too is not lagging behind as 5,000 acre has been brought under organic farming. To promote organic farming in Punjab and Haryana, farmers are being provided technological inputs including training and farm-level advisory services according...