The new nutrient based subsidy (NBS) regime cleared by the Union Cabinet on Thursday is likely to slash the governments subsidy bill and boost fertilizer production. But one of the major stated aims of the policy that of promoting a more balanced use of fertilizers by farmers may not be actualized unless other measures are implemented in tandem. That seems to be the view of many agriculture experts and economists,...

Economic diversification is vital if the world's most poverty-stricken countries, some of them depending on a single or a few raw materials or commodities, are to escape their predicament, a top United Nations trade official said today. “Some countries had been successful in diversifying their economies, in creating jobs, in improving governance,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told the opening session of a two-day meeting...

The global economic crisis has wiped out developing Asia's recent gains in poverty eradication as the meltdown is expected to have driven 21 million more people in the region into poverty. A joint report by the United Nations and the Asian Development Bank shows that the global economic slowdown has slackened trade, slashed export and tourism receipts and raised unemployment levels. This makes it difficult for the region to achieve its...

Global health will be the focus of this year’s annual United Nations conference with non-governmental organizations (NGOs), the head of the UN’s Department of Public Information (DPI) announced today. Kiyo Akasaka, Under-Secretary-General for Communications and Public Information, issued a joint statement with the Australian Government in which he said the UN DPI/NGO conference – now in its 63rd year – will be held in Melbourne from 30 August to 1...

Smallholders and rural producers have a vital role to play in overcoming global hunger and poverty, and new and varied partnerships are needed, with particular emphasis on the interests of women, Secretary-General Ban Ki-moon said today. “With more than 1 billion people now suffering from hunger, the highest number in human history, there is simply no time to lose,” he told the International Fund for Agricultural Development (IFAD), a specialized...