While the government's recent clarification on the policy on foreign investment in wholesale trade is welcome, it needs to be complemented with a policy to empower our farmers to interact with modern, organised retail productively. Organised retail can catalyse a second green revolution in India when farmers become empowered to negotiate prices for their produce with retailers. The industry ministry's recent guidelines for wholesale trade, known as cash and carry,...

Economic diversification is vital if the world's most poverty-stricken countries, some of them depending on a single or a few raw materials or commodities, are to escape their predicament, a top United Nations trade official said today. “Some countries had been successful in diversifying their economies, in creating jobs, in improving governance,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told the opening session of a two-day meeting...

 The United Nations has mobilized the fashion and cosmetics industries in an “eco-fashion” battle to curb the unprecedented loss of the world’s biodiversity, from over-harvesting wild species for their skins or natural fibres to pollution caused by manufacturing processes. More than 500 prominent figures from government, international organizations and the above industries have been meeting in Geneva over the past two days at the UN Conference on Trade and Development...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...

Imagine that the climate summit conference in Copenhagen this weekend was not a gathering of nations. Imagine a gathering of delegates from the many ages of a single nation. The fault lines would not be India and China versus the global rich, but rather China 1800 versus China 1978 versus China 2100. It would be a negotiation not between different lands but between different historical facts, different levels of survivalism....