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India's vulnerability to drought poses credit challenges: Moody's

-India Infoline News Service   Mumbai: Efforts at the central and state government level to improve rural infrastructure, food distribution and non-agricultural employment opportunities are credit positive because, if sustained, they are likely to lower the credit challenges that India's vulnerability to drought poses. Moody's Investor's Service says that although India (Baa3 positive) may avoid drought this year, its economy remains vulnerable to future droughts or fluctuations in rainfall, and its sovereign credit...

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India's Handloom Challenge Anatomy of a Crisis -Ashoke Chatterjee

-Economic and Political Weekly The Indian weaver is dismissed in high places as an embarrassing anachronism, despite demand for his or her skills and products. In the new millennium, globalisation and a mindless acquiescence to imported notions of a good life threaten to take over, even as the West looks East for better concepts of sustainable living. Analysing today's crisis in the handloom sector, plagued by low-cost imitations from power looms,...

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Food subsidies still haunt India at WTO -Uttam Gupta

-The Hindu Business Line But they needn’t, if India sticks to the view that the benchmark price for measuring extent of support is too low and outdated India is concerned over the delay in reaching a ‘permanent solution’ to the problem of dealing with food procurement subsidies. The WTO members are thrashing out a work programme for the 10th Ministerial to be held in Nairobi this December. Under Agreement on Agriculture (AoA), developing...

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Consensus eludes meet on urea subsidy -Puja Mehra

-The Hindu At present, the subsidy is paid to urea producers and importers, not farmers. Consensus continues to elude the Centre on the politically sensitive reform of the urea sector, where it has accumulated an unpaid subsidy bill of Rs. 40,000 crore. Prime Minister Narendra Modi presided over a meeting of senior Ministers and officials last Tuesday, which discussed if the subsidy could be provided directly to farmers through the direct benefit transfer...

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Sunita Narain, director general, Centre for Science and Environment, interviewed by Ajoy Ashirwad Mahaprashasta & Venkitesh Ramakrishnan

THE controversy over Maggi instant noodles has once again highlighted the issues plaguing food safety in India. Not only does the issue raise critical questions about safe food production by multinational companies such as Nestle but it also foregrounds the institutional fault lines when it comes to ensuring food safety. Frontline spoke to Sunita Narain, who heads the New Delhi-based Centre for Science and Environment (CSE), the organisation instrumental in initiating...

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