Last year may have been a cruel year for much of the country with slow growth and double-digit food inflation, but India's high net worth individuals (HNWIs) prospered — just over 120,000 in number, or 0.01% of the population, their combined worth is close to one-third of India's Gross National Income (GNI). HNWIs, in this context, are defined as those having investable assets of $1 million or more, excluding primary...

Chief Minister Parkash Singh Badal today urged state farmers to switch over to organic agriculture to prevent further contamination of underground water sources with pesticides. He was addressing farmers at sangat darshan programmes in several villages of Muktsar. He also released funds for the development of the villages. He urged farmers to opt for cash crops that would not only result in their prosperity but would also help to improve water...

Development models that focus attention on the poor while expanding job opportunities, increased government spending on social services and aid flows from affluent nations are all successful strategies for alleviating global poverty, the United Nations says. Access to low carbon energy and mobilizing domestic capital by, for example, improving tax collection, are the other factors the UN Development Programme (UNDP) identifies in a new report as crucial factors for the...

Three state governments are waging a legal battle against the seed industry over prices of Bt cotton seeds. Andhra Pradesh, Gujarat and Maharashtra have cases running in the state courts with the National Seeds Association of India for fixing prices of Bt cotton seeds. The association questioned the state governments’ authority in fixing prices, saying it would hamper seed research in the private sector.   It says only the Union government can...

Meet calls for end to displacement caused by developmental projects The government's “pro-corporate policies” came under attack at a two-day national convention on tribal rights that concluded here with participants calling for an end to displacement due to developmental projects. In a resolution, the participants said that many States, including Andhra Pradesh and Orissa, were not implementing the Scheduled Tribes and Other Forest Dwellers (Recognition of Forest Rights) Act, 2006 as...