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'Farmers must develop business sense to prosper'

The farmers need to come out of their traditional mindset and develop business acumen to reap the benefits of food processing that has a lot to offer to the country, says joint secretary, ministry of food processing industries, Government of India, Ajit Kumar. Kumar was in the city to inaugurate one-day orientation training programme on food processing for farmers at then Banaras Hindu University on Sunday. Saying that commercial orientation and awareness...

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India's Bitter Choice: Water for Steel or Food? by Abhishek Shanker

Global steel giants ArcelorMittal (MT) and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel....

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Speculation and the economics of hunger by Biraj Patnaik

A recent report of the UN Special Rapporteur on the Right to Food, Olivier de Schutter, provides a damning indictment of the role of speculation in food commodities in fuelling the global food crisis. The report – 'Food Commodities Speculation and Food Price Crisis – was released on the eve of an emergency meeting of the UN-FAO on the instability in agricultural markets. The global food crisis in 2007-08 led to...

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Rural poor & poverty eradication by Karnaram Poonar & Sujata Raghavan

The definition of poverty has been at the core of discussions and commitments at the international level to address it and, by a logical conclusion, to eradicate it. This intent is the basis for the lofty Millennium Development Goals adopted by the UN member-states and international organisations at the beginning of this century. Now, 10 years later, the UN Summit on MDGs in New York last month was meant to...

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India fertiliser demand seen at record high on rains

Ample monsoon rains and higher prices of farm goods are likely to lift Indian fertiliser demand in 2010/11 by 13 percent to a record 60 million tonnes, testing local fertiliser makers' ability to raise output in sync with the demand, industry officials said. India's June-Sept monsoon rains, a key factor in determining food grain production and fertiliser demand in the country, were 2 percent above normal in the current year, weather office data showed....

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