The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. Senior government officials told TOI that the thinking was that a gradual opening up would be a better strategy with global chains first allowed to open stores in metros, while wholesale cash-and-carry being limited to smaller towns and cities, at least for the...
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UN expert makes case for ecological farming practices to boost food production
Small-scale farmers can double food production in a decade by using simple ecological methods, according to the findings of a new United Nations study released today, which calls for a fundamental shift towards agroecology as a poverty alleviation measure. “To feed 9 billion people in 2050, we urgently need to adopt the most efficient farming techniques available,” says Olivier De Schutter, the UN Special Rapporteur on the right to food and...
More »Corporate socialism's 2G orgy by P Sainath
The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...
More »More funds sought to assist children, women in crisis situations by Aarti Dhar
The United Nations Children's Fund (UNICEF) on Sunday released the Humanitarian Action for Children Report, 2011, requesting $1.4 billion in its appeal to donors to assist children and women caught in the throes of crises. The report highlights 32 countries and emphasizes the increasing importance of strengthening the resilience of communities. “Investing in children and building the resilience of countries and communities living on the edge not only shortens their road...
More »Unrealistic Solutions To Growing Problems by M Rajendran
With food inflation hovering in the double digit bracket for most part of 2010-11 and the aam aadmi up in arms, all hopes were pinned on the Union Budget 2011-12 for giving a new fillip to the farm sector. But the budget has disappointed most, in spite of finance minister Pranab Mukherjee allocating Rs 14,744 crore for agriculture. “An increase of only 2.6 per cent over last year makes the...
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