Global steel giants ArcelorMittal (MT) and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel....
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Speculation and the economics of hunger by Biraj Patnaik
A recent report of the UN Special Rapporteur on the Right to Food, Olivier de Schutter, provides a damning indictment of the role of speculation in food commodities in fuelling the global food crisis. The report – 'Food Commodities Speculation and Food Price Crisis – was released on the eve of an emergency meeting of the UN-FAO on the instability in agricultural markets. The global food crisis in 2007-08 led to...
More »Not counted by Ajoy Ashirwad Mahaprashasta
Delhi NGOs initiate a process to survey the city's homeless people and reach welfare schemes to them. IN the narrow lanes of Khari Baoli, Asia's largest wholesale spice and grocery market in the crowded Old Delhi area near the Red Fort, labourers grapple with heavy sacks of grain, pulses, and so on as they load them on to wooden trolleys or unload them from trucks. There is no room for...
More »Water-food-energy nexus in Asia by Arjun Thapan
In our frantic search for solutions to our water crisis, we tend to overlook the self-evident relationship between water, food, and energy. It is still not too late. As my colleague Tony Allan, a Stockholm Water Prize laureate says so pithily, the three are the corners of a triangle with politics and emotion at its center. About 80 percent of accessible freshwater in Asia is used for agriculture; the rest...
More »Food entitlement act in India soon, says Swaminathan by Gurmukh Singh
India will soon be the first country in the world “to enact a food security entitlement act under which every family below the poverty line will get 35 kg of grain”, says M.S. Swaminathan who is in Canada to receive an honorary doctorate from the University of Alberta. One of the pioneers of the Green Revolution in India, Swaminathan said India cannot depend on volatile Global Markets to ensure its food security and...
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