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New paddy variety to be cultivated from next year

The bacterial blight-resistant ‘samba masuri' variety paddy developed by the Centre for Cellular and Molecular Biology (CCMB) here was successful in its field trials conducted in about 5,000 acres in Karnataka this year, Director of the premier research organisation Ch. MoHAn Rao stated here on Friday. Addressing media persons as part of the CCMB's foundation day celebrations Mr. Rao said wide acceptance of the paddy variety in Shimoga and other areas...

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EAC report on Posco project after scrutiny of comprehensive EIA

The Expert Appraisal Committee of the Union ministry of environment & forests will submit its report soon to the ministry on the Posco project after scrutinizing the Comprehensive Environment Impact Assessment (EIA) submitted by the company. "The EAC would submit its report soon to the MOEF after scrutinizing the Comprehensive EIA submitted by Posco India. The EAC met yesterday for over three hours and there we reiterated our stand on issues...

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MFIs similar to moneylenders, says Reddy by Gayatri Nayak

Yaga Venugopal Reddy , former Reserve Bank of India governor credited with saving the nation’s financial system from the 2008 meltdown, has said what many finance experts believed, but did not have the courage to admit publicly: microfinance is India’s subprime. “Ultimately, it’s something like subprime lending,” Mr Reddy told ET in an interview ahead of his book release. “The same incentives are operating here... it was securitisation and derivatives that...

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UP farmers go on shopping binge after harvest by Man MoHAn Rai

Ajit Kumar Singh loves driving his father CP Singh’s brand new Mahindra Xylo on the potholed roads much more used to tractors carrying sugarcane in Ashokpur Tikia village of Gonda district in Uttar Pradesh. “It takes to the road in these interior regions much easily than the humble Alto we had earlier,” says the 20-year-old law student at the local degree college in Gonda, tapping his fingers on the freshly washed...

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Hunger alarm by TK Rajalakshmi

The Global Hunger Index report paints a gloomy picture of South Asia and Sub-Saharan Africa. WITH the deadline for achieving the Millennium Development Goals just five years away, the 2010 Global Hunger Index report prepared by the International Food Policy Research Institute (IFPRI) paints a gloomy picture of South Asia and Sub-Saharan Africa. Some 29 countries in these regions, it says, have levels of hunger that are alarming or extremely alarming....

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