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...

The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

Even as the World Bank and International Monetary Fund annual Spring Meetings kicked into top gear, IMF Managing Director Dominique Strauss-Kahn made a strong case for reducing global inequality if economic growth was to be sustained. Speaking earlier this week at the Brookings Institution, Mr. Kahn said, “Because growth beset by social tensions is not conducive to economic and financial stability, the IMF cannot be indifferent to distribution issues. And when...

India is trying to build a case to include agriculture in an estimated Global Market of $200-billion for carbon credit from the Clean Development Mechanism (CDM). "We are pressing for carbon credit from agriculture. The Planning Commission on principal accepted the idea in September 2010," NCCSD executive chairman Kirit N Shelat said on the sidelines of a national conference on agriculture and climate change organised by South Asia Forum for Environment...

The battle against poverty and inequity can be won only if governments focus on the welfare of adolescents, says a UNICEF report. FINALLY, it has been recognised that adolescents constitute a very critical category in the overall battle against poverty and inequity. It is for this reason that the United Nations Children's Fund's (UNICEF) flagship report, “The State of the World's Children 2011”, focusses exclusively on adolescents and cautions against neglecting...