Monsanto licencees have earned over Rs 1,500 crore since 2002. A quiet but determined battle is being fought in the courts, and outside, by US agricultural biotech giant Monsanto, its Indian affiliates and seed lobbyists to free the prices of genetically modified Bt cotton from state government control. At stake is huge business running into several thousand crore of rupees, with royalty alone on the Bt cotton seeds grossing over Rs...

Suresh Tendulkar created a flutter among policymaking circles when a committee led by him raised the estimate for poor households in the country to 74 million from the Planning Commission estimate of 65.2 million. The former chairman of the Prime Minister’s Economic Advisory Council explained why his numbers are more credible in an interview with ET’s Pooja Suri and Amiti Sen. Excerpts: Why did your committee decide to accept the...

In the cotton fields of Vidarbha in central India, grief is a constant companion. Wherever you turn, there are heart-breaking stories of suicide. In the village of Mangi, friends and family are preparing the body of Laxman Tekam for burial. Women are wailing and men have tears streaming down their cheeks. Laxman was a cotton farmer who hanged himself from the roof beam of his small house after his debts...

Less than a week after Vedanta University's environmental clearance was put on hold, the Centre has suspended the environmental clearance issued to another Vedanta group company for an iron ore mine in North Goa. The Pirna iron ore mine project, to be established by Sesa Goa at Pirna and Nadora villages, received clearance from the Ministry of Environment and Forests on June 9, 2009. However, following a May 10, 2010 order of...

Tens of millions of dollars have been diverted in India from schemes to fight poverty and used to fund Delhi's Commonwealth Games, a report says. The Housing and Land Rights Network pressure group says its report is based on official documents obtained under India's right to information act. The group says there should be an independent inquiry into how this was allowed to happen. Government officials in Delhi say they are...