-Reuters A shortfall in monsoon rains has widened to nearly 50 percent of average in the past week, making a revival next week crucial for farmers to sow summer-planted crops such as rice, corn, cane, cotton and soybean. The annual rains are crucial for farm output and economic growth as about 55 percent of the South Asian nation's arable land is rain-fed. Farm sector accounts for about 15 percent of a nearly $2-trillion...
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European Parliament rejects Anti-Counterfeiting Trade Agreement-Ankur Paliwal
Act makes it possible to seize and destroy even legitimately produced generic drugs Exported from India to poor countries It was a triumphant moment for public health campaigners when members of the European Parliament voted against the Anti- Counterfeiting Trade Agreement (ACTA) on July 4. ACTA is a plurilateral pact, designed to protect against counterfeiting of products, including medicines. ACTA, primarily drafted and secretly negotiated by the US, was signed on October...
More »Food activists slam wheat Export decision-Ketki Angre
-NDTV Could two million tonnes of wheat produced in the country end up as cattle fodder overseas even as millions go hungry at home? A day after the Cabinet Committee on Economic Affairs (CCEA) approved the Export of 2 million tonnes of wheat, Right to Food activists have written to the Prime Minister slamming the move. They want a reversal of the decision. The letter, signed by a number of leading activists including...
More »Will rains boost the slowing Indian economy?
-The Economic Times This is the time of the year when the country's weakest spots are exposed; despite our high growth and emerging-economy status, we continue to depend on the rains to boost rural incomes and provide a cushion in a slow economy. All eyes are on rainfall in July, which is crucial for the kharif crop that accounts for about half the food grain output. The consequences on inflation are, of...
More »Government clears 2 million tonne of wheat Exports to ease storage crunch
-NDTV The government has approved Export of two million tonnes of wheat from central pool stock in order to clear storage space for new crops. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA) in Delhi today. "CCEA has approved Export of two million tonnes of wheat from government stock with floor price of $ 228 (about Rs. 12,400) per tonne," Food Minister KV Thomas told PTI after the meeting. The...
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