Norway says it is examining reports that Nobel Peace Laureate Muhammad Yunus allegedly diverted millions of dollars of aid money from a bank. International Development Minister Erik Solheim said that it was "totally unacceptable that aid is used for other purposes than intended". A documentary maker has alleged that cash was diverted from Professor Yunus' Grameen Bank to other parts of Grameen. In a statement, the bank said that the allegations were false. It...

The village bureaucrat shifted from foot to foot, hands clasped behind his back, beads of sweat forming on his balding head. The eyes of hundreds of wiry village laborers, clad in dusty lungis, were fixed upon him. A group of auditors, themselves villagers, read their findings. A signature had been forged for the delivery of soil to rehabilitate farmland. The soil had never arrived, and about $4,000 was missing. The...

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...

Renowed agri scientist, M.S.Swaminathan today said Indian agriculture will receive a big boost if the country takes advantage of its young population and woos them into the farm sector by making it lucrative. “India has a big advantage as more than half of its population is below 30 years of age”, he said. “If we tap this huge demographic dividend by making agriculture exciting for the younger generation a far better result...

India aims at bringing United States back on board at Cancun climate talks but has termed its offer on climate mitigation as “homeopathetic”. To clinch US, India has two proposals. First, which appeals to the United States, is on measurement review and verification (MRV) regime. India has proposed that nations, whose emissions are one% or more of the global average, should allow verification of their domestic mitigation commitments through a United...