With a gas-guzzler of an economy, India had been spending tens of billions of dollars annually to import petroleum. And so its 2009 policy on biofuels mandated that by 2017, India would have enough biofuel production to cover at least 20 percent of the country’s oil consumption. The government has in fact been encouraging the cultivation of jatropha curcas for the past seven years, believing that would be the fastest way...
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Pay more for LPG if you pay tax or live in a city by Rajeev Jayaswal
The government is considering several options to rationalise the subsidy on cooking gas such as excluding income tax payers from getting subsidised cylinders, limiting availability per household and higher prices for urban customers to provide this clean fuel in rural areas. “Those who can afford must pay the full price, while subsidised LPG should be made available to the poor,” an oil ministry official said adding that the ministry has...
More »The backlash begins against the world landgrab by Ambrose Evans-Pritchard
The neo-colonial rush for global farmland has gone exponential since the food scare of 2007-2008. Last week's long-delayed report by the World Bank suggests that purchases in developing countries rose to 45m hectares in 2009, a ten-fold jump from levels of the last decade. Two thirds have been in Africa, where institutions offer weak defence. As is by now well-known, sovereign wealth funds from the Mid-East, as well as state-entities from China,...
More »How Tamil Nadu has made an incremental difference by Divya Gupta
A combination of factors led by state policy has enabled the southern State to become a notable achiever with respect to some key indicators of development. In 2001, Nobel Laureate Amartya Sen recorded an eyebrow-raising fact in his book, “Development as Freedom”, that Tamil Nadu and Kerala had both achieved much faster rates of decline in fertility than China had achieved since it introduced its one-child policy. That same year, the international...
More »Cane farmers may earn less this year
Maharashtra’s sugarcane farmers who reaped a bonanza in 2009-10 due to surging sugar prices may have to settle for a 25-30% loss of income in the upcoming sugar year October 2010-September 2011. Farmers are expecting to be paid at least the Central government-fixed fair remunerative price. But with an estimated 22% jump likely in cane production, it may well become a buyer’s market with mills calling the shots. “I expect...
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