-AFP   Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...

Despite a recovery, acreage of groundnut, sunflower and castorseed recorded a sharp decline this year due to low rainfall in major producing areas during the peak sowing season. The three major kharif oilseeds are sown for a month starting June 15 and harvested between October and December. Data collated by the ministry of agriculture showed the area under groundnut declined 28.37 per cent as on July 21. The sowing area under...

The communal violence bill prepared by the National Advisory Council (NAC) seeks fundamentally to change how the government deals with violence against minorities. The bill focuses on religious and linguistic minorities as well the Scheduled Castes and Scheduled Tribes, but religious minorities are at its heart. The bill has some undeniable strengths, but it suffers from two analytically fatal flaws. First, it places excessive faith in the state machinery. Though...

-The Times of India   An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...

Endosulfan, the pesticide which is widely believed to be responsible for thousands of deaths, diseases and devastation, was able to save its own life largely because of India’s questionable efforts at global forums. The controversial pesticide has been in news for a long time because of its harmful effects on humans, wild life and the environment. Obviously the $100 million industry is going out of the way to defend the...