Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of this year, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In a report titled “Global Food Price Inflation and Developing Asia,” the Manila-based bank warned that a 10 per cent rise in...

Poor families may find it tough to pay for medical care, children's education “Recent gains in poverty reduction made in Asia will be undermined” Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of 2011, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In...

The government is pushing ahead with the Jaitapur nuclear power project in Maharashtra, with plans for a new compensation package for displaced local persons, and will ensure that all Safety conditions are adhered to in the 9,900 MW project, a minister said on Tuesday. "A generous compensation package had been worked out by state government and NPCIL ( Nuclear Power Corporation of India Limited) and will be announced soon," minister of...

A transparent assessment of the costs and risks associated with India's ambitious nuclear plans must be made before any ground is broken at Jaitapur or elsewhere. You really have to hand it to the nuclear industry. In any other sphere of the economy, a major industrial disaster is likely to have adverse, long-term financial consequences for the company or companies whose product or activity was involved in the accident, regardless of...

When a farmer named Praveen Gawankar and two neighbors began a protest four years ago against a proposed nuclear power plant here in this coastal town, they were against it mainly for not-in-my-backyard reasons. They stood to lose mango orchards, cashew trees and rice fields, as the government forcibly acquired 2,300 acres to build six nuclear reactors — the biggest nuclear power plant ever proposed anywhere. But now, as a nuclear...