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ADB: Food prices may push millions of Asians into poverty

Poor families may find it tough to pay for medical care, children's education “Recent gains in poverty reduction made in Asia will be undermined” Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of 2011, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In...

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Stockholm convention: is India thawing? by Roy Mathew

India on Tuesday raised objections relating to the “absence of alternatives” and “procedural violations” to the recommendation for a global ban on endosulfan at the conference of parties to the Stockholm Convention meeting in Geneva. However, C. Jayakumar, observer from Kerala, told TheHindu over telephone from Geneva that there was softening in India's approach compared to its position at previous meetings. Though it had said that the health and environmental effects...

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Food prices may push millions of Asians into poverty: ADB

Resurgent food prices, which rose by 10% on average in many regional economies in Asia this year, can push an additional 64 million people into extreme poverty, an Asian Development Bank (ADB) report says. The study, titled, 'Global Food Price Inflation and Developing Asia', by the multilateral lending agency, finds that a 10% rise in domestic food prices could push an additional 64 million people, out of 3.3 billion people living...

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Resistance to Jaitapur Nuclear Plant Grows in India by Vikas Bajaj

When a farmer named Praveen Gawankar and two neighbors began a protest four years ago against a proposed nuclear power plant here in this coastal town, they were against it mainly for not-in-my-backyard reasons. They stood to lose mango orchards, cashew trees and rice fields, as the government forcibly acquired 2,300 acres to build six nuclear reactors — the biggest nuclear power plant ever proposed anywhere. But now, as a nuclear...

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Storage issues may spoil the food party by Kunal Bose

According to the third advance estimate, India’s foodgrain production in the current farm year (to end in June 2011) will be a record 235.88 million tonnes, including an all-time high wheat output of 84.27 million tonnes against 81.47 million tonnes projected earlier. Ahead of the wheat harvest, the country had buffer foodgrain stock of 47 million tonnes at the start of 2011 in the central pool. A buffer close to double...

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