The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.  The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.  Agriculture secretary PK Basu said that the proposal is in a nascent stage. "We had...

A global scramble for land and mineral resources fuelled by billions of investment dollars is threatening the last remaining wilderness and critical ecosystems, destroying communities and contaminating huge volumes of fresh water, warned environmental groups in London Wednesday. No national park, delicate ecosystem or community is off limits in the voracious hunt for valuable metals, minerals and fossil fuels, said the Gaia Foundation’s report, "Opening Pandora's Box". The intensity of the...

-The Times of India   The UPA government is bracing for a mega strike on February 28, backed by trade unions cutting across party lines, in protest against rising prices, disinvestment of profit-making PSUs and violation of labour laws among other reasons. They will be joined by around 8 lakh bank employees who are protesting against reforms and outsourcing of jobs.  Almost all sectors, except railways, are likely to come to a stop...

-The Business Standard   A proposed move by the Centre to slash natural gas supplies to phosphorous and potash-based (P&K) fertiliser manufacturing units has seen a number of farmer bodies, agro-experts and scientists raise a howl of protest. The move could seriously impact soil fertility, which in turn could hit food production in the country, they warned. Nutrients in soil are necessary to increase overall productivity of agri-commodities to help meet the country’s...

India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...