Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered Banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...
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Black money case: SC refuses to take ED’s report on record
The Supreme Court on Tuesday took strong exception to the Enforcement Directorate (ED) filing an “unsigned” status report about its investigations into the issue of black money stashed in foreign Banks. The apex court returned the unsigned status report which was placed before it in the sealed cover to the investigating agency making it clear that “it will not accept the report which has not been signed by any official”. “We want...
More »Pawar bats against CBI probe overdose
Agriculture minister Sharad Pawar today said the government should take note of Ratan Tata’s statement that India risked turning into a “banana republic” and cautioned against the excessive use of the CBI. Pawar’s statement came in the middle of a CBI crackdown on an alleged bribes-for-loans scandal involving several top financial officials and real estate players in Maharashtra. Another real estate project, which was once associated with Pawar’s relatives, has been...
More »Government hikes pension for Endosulfan victims
The Cabinet on Tuesday decided to raise the pension paid to Endosulfan victims who are unable to perform any form of wage labour from Rs. 1,000 to Rs. 2,000 a month. Briefing reporters after the weekly Cabinet meeting here on Tuesday, Chief Minister V.S. Achuthanandan said the other Endosulfan victims would be paid Rs.1,000 as pension. The pension would be made available to the victims through the Social Security Mission under...
More »Agreement on new emission cut regime unlikely at Cancun by Meena Menon
The sights are set on smaller, though just as important, issues With the first commitment to emission reductions under the Kyoto Protocol expiring in December 2012, the world is looking to a new regime of cuts, which is unlikely to be successfully negotiated here. In 2009, the U.N. Climate Change Conference in Copenhagen set a target of achieving a binding treaty and it did not happen. Now the sights are set on...
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