Businesses and policy-makers need to recognize the tremendous economic value of ecosystems, as well as the social and economic costs of losing such natural resources as forests, freshwater, soils and coral reefs, a new United Nations report released today said. The report by the Economics of Ecosystems and Biodiversity (TEEB), a body hosted by the UN Environment Programme (UNEP), seeks to galvanize the world to recognize the economic consequences of failing...

Protecting the rights of land users from speculation, stepped up production of agrofuels and population growth is vital to combat global hunger and malnutrition, an independent United Nations expert said today. “Pressures on land are increasing as a result of speculation on farmland, the expansion of agrofuels production, and demographic growth in rural areas,” Special Rapporteur on the right to food Olivier De Schutter noted. “In this context, moving swiftly towards protecting...

The Kisan Swaraj Yatra, a countrywide rally of farmers questioning the corporatisation of rural farms, reached the city on Sunday morningfrom Ralegaon Siddhi after covering 20 states over 71 days. The rally has demanded an explanation on the socio-cultural, environmental and political ramifications of such rampant corporatisation. It has modelled itself after Gandhi’s Dandi March. The march, that began on October 2 at Sabarmati, will end at Rajghat on December 11....

Despite recording robust economic growth over the last couple of decades and spending thousands of crores of rupees on subsidising foodgrain and other programmes aimed at improving the nation’s social indicators, India ranks a low 67 among 84 countries on the Global Hunger Index, 2010. The country has actually dropped two levels since last year on the index published jointly by International Food Policy Research Institute (IFPRI), Welthungerhilfe and Concern...

The Haryana government Monday warned banks against recovering outstanding loans from the wages earned by people under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Haryana Financial Commissioner and Principal Secretary (panchayat and development department) P Raghavendra Rao said that banks, at their own level, could not recover their loan amount out of the monies received by them (banks) for payment as wages to those employed under MGNREGA. Rao said that...