Fast-food chains McDonald's and KFC, and packaged food brands like Lay's chips and Maggi noodles reported normal sales this weekend, despite a study on Friday alleging high levels of trans-fat, sugar and salts in their food on Friday. Analysts say it is natural for consumers of chips, burgers and noodles to ignore Centre for Science and Environment's warning because they know what they are getting into when they consume chips and...
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Area under cotton in Punjab to drop by 60,000 hectares
-PTI The area under cotton in Punjab is likely to drop by 60,000 hectares this kharif season with farmers likely to switch over to guar crop, a state government official said on Saturday. The area under cotton is expected to be five lakh hectares this year as compared to 5.6 lakh hectares last year as some of the area under cultivation is likely to be used for guar crop, which has...
More »World Bank approves funding for India's agricultural project
-IANS The World Bank has approved a $109 million funding for the Rajasthan Agricultural Competitiveness Project in India to enhance agricultural productivity through sustainable and efficient use of water resources. The project is expected to increase agricultural productivity and farmer incomes through efficient water management, crop management, improved agricultural technology, farmer organizations and market innovations in some 20 selected areas in Rajasthan. The initiative will benefit some 155,000 smallholder farmers, the Washington-based World...
More »World Bank approves $4.3b aid to India to fight poverty
Source: PTI/IANS The World Bank has announced $4.3 billion in financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty. The arrangement, while facilitating a $4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development's -- which is its lending arm -- net exposure within the limit of $17.5 billion established by it. In a statement, the World...
More »The problem with govt’s poverty line-Sachi Satapathy
Methodology error, intentionally manipulated data of poor quality and perilous local level political partiality is making the life of poor miserable and proved time and again that ‘any initiative for the poor tends to be a poor initiative.’ The erroneous way of assessing multi-dimensional indicators for locating the poor without making any distinction between facilities self-created by someone against facilities created through government schemes is nothing but an attempt to hide...
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