In India, agriculture and allied sector is the source of income for over 60% of rural population and its contribution to GDP has been consistently coming down and currently stands at 14.3%. For the Indian economy to grow at the rate of 8-9%, the growth rate of agriculture sector has to be more than 4%. The critical role of agriculture in the economy highlights the need for a larger investment in...
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Cotton export ban goes-Sujay Mehdudia
Notification today; GoM will work out riders Allies of the ruling United Progressive Alliance have again forced the Manmohan Singh government to take a step back, this time over the ban on cotton exports. The government has now announced that a new notification revoking the ban imposed on March 5 will be issued on Monday, in what is considered a victory for Agriculture Minister Sharad Pawar, who stoutly opposed the decision, along...
More »Government blinks, cotton export ban to go today
-The Economic Times The government has decided to lift the ban on cotton exports from Monday, just a week after imposing it, buckling under pressure from farmers, traders and politicians. "Keeping in view the facts, the interests of farmers, industry and trade, a balanced view has been considered by the group of ministers to roll back the ban and a formal order will be made public on Monday by the government," Commerce...
More »Overnight prosperity clue to industry cash flow to Maoists by Jaideep Hardikar
A bidi-smoking petty contractor who suddenly bought two Boleros and a former newspaper hawker who zipped about Chhattisgarh’s jungles in a Toyota may hold the key to a question bugging the custodians of national security. What the police want to know is: are business houses paying off the Maoists to be able to operate deep inside central India’s mineral-rich guerrilla zones? Chhattisgarh police say that when contractor B.K. Lala’s bank account suddenly...
More »Fresh Warning of Water Wars by AD McKenzie
As non-governmental organisations question the relevance of the World Water Forum being held here this week and slam its "corporate" nature, the United Nations says that a coordinated approach to managing and allocating water is critical. The fourth edition of the triennial World Water Development Report (WWDR), which brings together the work of 28 U.N.-Water members and partners is being officially launched Monday at the Forum. It stresses that water "underpins...
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