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Food Inflation in India to Climb on Labor, Energy Costs, Commission Says by Prabhudatta Mishra and Pratik Parija

Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...

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The enigma of Tikait

-Live Mint   After the late Charan Singh, he was the moving force behind the formidable farm lobby in north India. Seen from that vantage, one could say he became a leader in his own right only after Singh left the stage Mahendra Singh Tikait’s political career took off long after Productivity growth in Green Revolution had begun to taper off. The career of this rich farmers’ leader—who died on Sunday—was emblematic...

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UN summit adopts 10-year plan to help lift developing countries out of poverty

Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...

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Humanity’s voracious consumption of natural resources unsustainable – UN report

Humanity’s current voracious consumption of resources cannot be sustained, the United Nations Environment Programme (UNEP) cautioned in a new report today, warning that the world was already running out of cheap and sources of some essential materials such as oil, copper and gold. According to the report by UNEP’s International Resource Panel, by 2050, human beings could devour an estimated 140 billion tons of minerals, ores, fossil fuels and biomass per...

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BT to solve food security problems: Scientist

Biotechnology can provide effective solutions to the rising food security problems of the country on the back of rising population and inflation concerns. “With rising population, depleting land and water resources, and a rapid increase in food prices in India, the application of innovation and crop biotechnologies will be critical in enhancing agricultural yields along with achievement of food security for the nation,” G Padmanaban, NASI-Platinum Jubilee Chair of Indian Institute...

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