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RBI survey sees lower GDP growth, higher corporate profits

The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...

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Food Security, Sustainability and Copenhagen Summit

A seminar titled Food Security and Sustainability in India, organized at Amritsar between 7 and 8 November by the GAD Institute of Development Studies, a NGO, at Guru Nanak Dev University, Amritsar, brought together government officials, scientists, academicians and NGOs so as to generate discussions and debates surrounding climate change and global warming and their impact on agriculture. The Copenhagen Summit on Climate Change is going to take place between...

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Food dilemma: High prices or shortages

For a man who will inherit vast tracts of fertile farmland in Punjab, India's grain bowl, Jaswinder Singh made what seemed to him a logical career move -- he took a job with a telecoms company in New Delhi. "I can't go back to the village after an M.B.A. Delhi has more money, better quality of life. The job is more satisfying, and you don't depend on the weather or...

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Lofty goals left unachieved by Jayati Ghosh

For some time now, the Millennium Development Goals (MDGs) have been the organising framework for the activities of international organisations and donor agencies. It is probably not very useful any more to quarrel about their relative lack of ambition, their limited aims and absence of recognition of the structural causes of poverty and inequality. All that is well known; even so, simply because of their wide acceptance, the MDGs have...

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GM crops will benefit farmers by Prakash Chandra

  Keats’ lament of "tears amid the alien corn" aptly sums up the debate on genetically-modified (GM) food. The latest to join this swirling controversy is the humble brinjal, with the government’s genetic engineering approval committee clearing its GM avatar, Bt brinjal. Bt (for Bacillus thuringiensis bacteria) makes toxins that are lethal to insects. GM crops use this to incorporate into plants a gene that helps produce a bacterial pesticide...

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