Prices across the three segments food, industrial goods and oil that determine inflation rising, the year-end inflation targets have been revised. The government had earlier estimated end-March inflation at 6% but RBI now has raised it to 7%. The Food and Agriculture Organisation has raised an alert over a potential spike in global prices of sugar and cereals, especially wheat. Though India might just get away thanks to a bumper output...
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FDI rules for degraded land may be relaxed by Anindita Dey
Foreign direct investment (FDI) rules in agriculture may be relaxed, albeit only in non-farm wasteland and degraded lands. The Union ministry of agriculture and the department of land resources under the ministry of rural development have given "in principle approval" to a proposal of the Department of Industrial Policy and Promotion (DIPP) to invite FDI for developing non-arable land through better technology into fertile and cultivable land. Currently FDI in agriculture is...
More »Navigators Of Change by Lola Nayar
As government, corporates seek to engage with NGOs, they gain new significance Brave NGO World? * The Planning Commission is courting NGOs for policy inputs, views on how to make plans work * NGOs and local activism forced govt to stall Vedanta, Posco plans * NGO opposition to snacks being served in schools changed plans to scrap hot meals * NGO have made the government rethink the Polavaram dam project ...
More »Too Much Goodwill by Pragya Singh
NGOs To No Go’s * NGOs have mushroomed; so have instances of misappropriation of funds * Not disclosing expenditure and receipts; nor revealing who funds them * Not setting up NGO for the task it was funded for * Flocking to 'hot' topics, inviting accusations of singing to industrialists’ tunes * For every NGO supporting a cause, another springs up against that cause *** NGO numbers * 3.3 million Number of NGOs...
More »Kerosene racket is half the size of NREGA bill by Anupama Airy
The poor man’s fuel, kerosene — paid for by state subsidy — is diverted to adulterating diesel mostly for truckers. And the industry is estimated to be worth half the sum the government spends on employment for the rural poor every year. Welcome to the Great Indian Kerosene Racket, which hit a new high this week when additional collector Yashwant Sonawane of Maharashtra’s Nashik district lost his life in a...
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