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Rio+20 People's summit gathers pace-Jonathan Watts

-The Guardian  The counter conference is designed to foster alternative ideas and provide an outlet for discontent They come with speeches, placards, power point presentations and drums. Some with body paint and bows and arrows. Others with suits and business plans. Almost all driven by a desire for radical change. "Come re-invent the world" is the call to the People's summit, which has opened in Rio de Janeiro to counter what many participants...

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Maximum support prices

-The Business Standard MSP hikes will stoke food inflation The government’s new kharif pricing policy, suggesting a steep 16 to 53 per cent increase in the minimum support prices (MSPs) of various crops, is unlikely to fully satisfy farmers even as it will stoke food inflation and swell the food subsidy bill. Approval of the new prices by the Cabinet Committee on Economic Affairs (CCEA) came on the day that inflation numbers...

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Foreign farms in Africa bring investment and controversy

-AFP JOHANNESBURG: Foreign farms are spreading across Africa to grow food and biofuels for global markets, bringing much-needed investments but also new troubles for a continent struggling to feed itself.  China, Malaysia, Singapore and Bangladesh are just some of the countries spending billions of dollars in what critics have dubbed a new "scramble for Africa", a reference to Europe's 19th century colonisation drive.  But Africa holds an estimated 60 percent of the world's...

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Interest-free loans for farmers in State

-The Pioneer Chief Minister Shivraj Singh Chouhan here on Saturday announced that farmers in the State will get interest-free loans. After ending his 24-hour fast observed to protest the hike in fertiliser prices over the last one year, Chief Minister Shivraj Singh Chouhan told mediapersons, “This zero per cent rate of interest would be applicable for loans given to farmers since April 1 this year.” When the Congress was in power, farmers used...

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16-53% increase in kharif MSP by govt may stoke food inflation

-The Economic Times The government has increased the minimum support price (MSP) for the kharif season in a range of 16% to 53% to motivate farmers and compensate for higher input costs but the higher purchase prices could stoke food inflation further.  The Committee on Economic Affairs ( CCEA) on Thursday raised the MSP of paddy by Rs 170 per quintal and those of oilseeds like groundnut, sunflower seed and niger seed...

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