India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

India is readying to defend its policy requiring companies to source local content for the national solar mission project, a rule that has triggered protests from the US and the EU.  The commerce department is talking to the ministry of new and renewable energy on how to argue its case should the dispute reach the World Trade Organisation. The ministry is responsible for executing the Jawahar Lal Nehru National Solar Mission,...

-The United Nations   India is receiving a loan of nearly $90 million from the United Nations to improve agricultural livelihoods in the small north-western state of Uttarakhand, one of the poorest areas in the country. The money, resulting from an agreement signed today between the Government and the UN International Fund for Agricultural Development (IFAD), will go towards the Integrated Livelihoods Support Project, which aims to support and develop the food production...

-The United Nations A United Nations official today urged Asian countries to commit to achieving sustainable energy for all their citizens by 2030 by increasing access to and the efficiency of renewable energy sources. “Reaching the goal of sustainable energy for all will require action by all countries and all sectors to shape the policy and Investment decisions needed for a brighter energy future,” said Director-General of the UN Industrial Development Organization...

The India-EU summit scheduled in New Delhi next week will lay down a 'strict' road-map for conclusion of the ambitious bilateral free trade pact and also strengthen cooperation in security. Commerce and industry minister Anand Sharma briefed Prime Minister Manmohan Singh on Wednesday on the progress made in the FTA negotiations and the areas that still need to be sorted out.  "The PM was briefed on the status of the India-EU...