That Indian firms, some of them backed by the government, have gone scouting for land abroad to farm crops for consumption back home is well-known. Reversing the trend, now many Gulf countries are getting a toehold in India that will allow them to farm here and export the food back. A Bahraini firm, the Nader & Ebrahim Group (NEG), recently tied up with Pune-based Sanghar Group to do exactly that....

Fast-growing emerging nations are taking increasingly aggressive actions to beat back rising food prices as they grow more worried of threats to stability if prices don't start to retreat. Developing-market governments have unveiled a laundry list of measures—including price caps, export bans and rules to counter commodity speculation—to keep food costs from disrupting their economies as price spikes that some had hoped were temporary have stretched into the new year. Some...

The Supreme Court on Monday issued a notice to the Central government on a PIL seeking disclosure of contents of all tapes of corporate lobbyist Niira Radia which were tapped by government agencies, except pure private conversations. A bench of justices G S Singhvi and S S Nijjar issued notice to the Centre and adjourned the matter for further hearing on February 2. The court passed the order on a petition filed...

The Sonia Gandhi-led National Advisory Council has decided to stick to its recommendations on the Food Security Act which have been turned down by a committee headed by PM's chief economic adviser C Rangarajan. The NAC has released the version of the Bill it has drafted to explain that its recommendations on the size of population to be covered by the Food Security Act were feasible. The Rangarajan committee has cited food...

A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...