-The Economic Times   The World Bank on Monday pledged more than $500 million (348 million euros) to aid the drought-strickenHorn of Africa region, asUnited Nations aid chiefs met in Rome to discuss ramping up relief efforts. The bulk of the money will go towards long-term projects to aid farmers while $12 million will be for immediate assistance to those worst hit by the crisis and facing starvation. "The recurring nature of drought......

Less than a week after India announced a record harvest, Hindustan Times has learnt that the nation’s main grain-buying agency is running out of money for its massive nationwide purchase operation. Over the last month, the state-run Food Corporation of India (FCI) has twice stopped payments to state governments, various grain-purchasing agencies and rice millers who buy wheat and rice, the main food crops, from millions of farmers, a senior...

Finally, there's some good news for the United Progressive Alliance government. Consumption numbers for the past six years show that real incomes have grown much faster under the Congress-led coalition than during the National Democratic Alliance era. What's more, poverty is trending down and rural wages are growing smartly. The 2009-10 survey by the National Statistical Survey Organisation (NSSO) shows real spending by each person in rural India rose 6.3%...

-Salem-News.com   (NAGPUR)-We have reported in the past an alarming suicide rate among farmers in India that is connected to the failure of American GMO (genetically modified organism) cotton seeds. Monsanto, the U.S. company responsible for Agent Orange, a cancer-causing chemical sprayed on the jungles of Vietnam, is now in the GMO food and seed business. Monsanto stands accused of having an international monopoly of the notorious bio-engineered Bt cotton seeds. Advocates for the...

One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...