-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...
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As weather patterns get unpredictable, nations must start budgeting for natural disasters
-The Economic Times It's extreme weather season in Asia again. Deadly cyclones, blinding rain, floods and mudslides are becoming the norm from Nepal to Fiji. The world's policymakers must reflect on extreme weather patterns while budgeting their nations' finances. In Thailand last year's floods caused losses of $46.5 billion. Reconstruction costs will reach at least $50 billion, according to the government and UN's assessments. In Pakistan widespread flooding two years ago affected 20...
More »Agricultural wages and NREGA: Exploring the myth-Kanika Mahajan
-Live Mint Charges that NREGA has pushed up agricultural wages fails to account for changing productivity In the debate over the costs and benefits of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), one of the most controversial and unsettled issues is its effect on agricultural labour market. Last year, Union agriculture minister Sharad Pawar even went to the extent of recommending a 50% subsidy to farmers in wage costs due...
More »Sea level rising faster than expected, warns expert
-IANS WASHINGTON: The sea level is rising faster than expected and may cross one metre mark by the end of this century -- double that of the estimates made by the Intergovernmental Panel on Climate Change in 2007, says a study. "What's missing from the models used to forecast sea-level rise are critical feedbacks that speed everything up," says Bill Hay, a geologist at the University of Colorado, US. The feedbacks include...
More »Climate change adding sting to mosquito bite, says WHO report -Kounteya Sinha
-The Times of India The warning is ominous — climate change and global warming will make vector-borne diseases like dengue and malaria - already causing havoc in the country more lethal. A landmark report on climate change and health, published by the World Health Organization on Monday, said that in the last 100 years, the world has warmed by approximately 0.75 degree Celsius. Over the last 25 years, the rate of global...
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