Union finance minister Pranab Mukherjee Tuesday said that the government is committed to enacting the Food Security Act and that the financial implications of this will be known only after the Planning Commission determines the number of families living below the poverty line. He told reporters here that the act had two aspects - one to ensure availability of food to all and another to provide to BPL (below poverty...

When flames from an open cooking fire raced through Fida Hussein's shack in northern India, it was a disaster for him and his poverty-stricken family. "We have nothing," said Hussein as he stood in the ruins of his hut through which the sky could be seen between the burnt roof timbers in a remote corner of Uttar Pradesh, India's most populous state. India's number of millionaires grew by 51 percent...

The proposed food security law is expected to kick in by next April for a year in one-fourth — or 200 — of the country’s poorest districts or blocks, depending on whichever is administratively tenable. The proposal — agreed upon by the National Advisory Council (NAC) — is tactically aimed at pleasing food and agriculture minister Sharad Pawar as well as others in the government, Planning Commission and the advisory panel...

The National Advisory Council (NAC) met the Food Ministry halfway on Wednesday, when it recommended extension of universal food entitlements to one-fourth of either the poorest districts or the poorest blocks in the country. This decision emerged after some NAC members pointed out that universalisation of food security would not be possible, given the current state of agricultural productivity and the level of grain procurement. However, they agreed that the implementation...

One in four corporate titans worldwide view biodiversity loss as a threat to their business growth, according to a new United Nations-backed study released today. It found that more than half of chief Executive officers surveyed in Latin America and 45 per cent of their counterparts in Africa see biodiversity decline as detrimental to profits, compared to less than 20 per cent in Western Europe. The publication also found that business...