-Bloomberg   World food prices will drop this year as increase in unemployment in developing and developed countries slows growth in demand, the United Nations said.   “We have started to see a decline in food prices,” Jose Graziano da Silva, director general of the UN’s Food and Agriculture Organisation, said at a conference in Hanoi on Thursday. World economic expansion will slow to 3.3% this year from 3.8% in 2011, according to the International...

The government introduced a retrospective clarification to the Income-Tax (I-T) Act, 1961, virtually amending the law to ensure that cross-border transactions such as the $11.08 billion (around Rs55,735 crore today) Vodafone-Hutchison deal are taxable. The Supreme Court had ruled this deal as not being taxable in India. The amendment becomes crucial because a review petition by the government on this case is pending before the Supreme Court, which might now have...

India will be one of the youngest nations by 2020 and this changing demographic condition, while providing great opportunities, could pose some challenges too, the Economic Survey 2011-12 has said. India is passing through a phase of unprecedented demographic changes, wherein the proportion of the working age population (15-59 years) is likely to rise from around 58 per cent in 2001 to over 64 per cent by 2021, according to the...

-The United Nations Tobacco use is responsible for five million or 12 per cent of all deaths of adults above the age of 30 globally each year, according to a United Nations report unveiled today, that for the first time provides estimated mortality rates attributable to tobacco for 2004, the year before the international treaty on tobacco came into force. The Framework Convention on Tobacco Control (FCTC) that came into force in...

Decades after peasants’ networks have advocated for a new legal instrument to protect the rights of small farmers to land, seeds, traditional agricultural knowledge and freedom to determine the prices of their production, the United Nations Human Rights Council (UNHRC) may decide to start drafting a declaration on peasants’ rights next week. "The idea of an international declaration on peasants' rights comes from our (base) because many small farmers don’t have...