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In repeat of FY11, plan panel seeks 18% hike in budgetary support, FM offers 12%

The finance ministry has offered only a 12% increase in the budgetary support to the central plan for the coming fiscal against the Planning Commission's demand for an 18% hike. The plan panel sought higher support, citing increased requirement for the flagship schemes, particularly MGNREGA, or Mahatma Gandhi National Rural Employment Guarantee Act . The North Block, constrained by its compulsion to return to fiscal consolidation and additional expenditure due...

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Price volatility & food crises by Jacques Diouf

The present situation is different from that of 2007-2008, although recent climatic events may significantly reduce agricultural production next season. Must history always repeat itself? We are indeed on the verge of what could turn out to be another major food crisis. The FAO Food Price Index at the end of 2010 returned to its highest level. Drought in Russia and the export restrictions adopted by the government, together with...

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European Union Exploits Stockholm Convention

Driven by trade interest, EU is pushing Endosulfan for POP listing Elimination of Endosulfan is expected to severely impact pollination and India’s farming India is today the second largest producer of horticulture crops (fruits at vegetables) and annually produces over 215 million mt (2008-09 figures source Ministry of Agriculture). This is almost as much as India’s total food grain production of 235 million mt (2008-09 figures source Ministry. of Agriculture). India’s export...

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Special-case Bengal by Meghdeep Bhattacharyya

The Election Commission feels that the situation in Bengal is “worse than anticipated” and that the ground realities necessitate “an exclusive plan of action” for conducting the Assembly elections this year, according to sources. The commission made the observations after going through a report submitted by a six-member team that visited the state last week. The “exclusive plan of action” will have a bearing on the number of phases for the elections,...

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World's baby No. 7 billion could be born in UP by Rema Nagarajan

In the midst of all the handwringing over population explosion in the country, the Indian government might miss preparing for a global record-setting event — the birth of the baby that would take the population of planet earth to the seven billion mark. The momentous birth is projected to happen towards the October or November. But what's that got to do with India? Well, we just happen to be the country...

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