-FAO Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today. Small, import-dependent countries, particularly in Africa, are especially at risk. Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and...
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SC criticises Khurshid's businessmen remark
-IANS The Supreme Court Wednesday took a serious view of union law minister Salman Khurshid's statement that keeping businessmen in jail was affecting the Investment climate of the country. The apex court bench of Justice GS Singhvi and Justice HL Gattu said that the minister's statement gave an impression as if "we are interested in keeping businessmen behind bars". "This is disturbing for us, if it (statement) is true," Justice Gattu said. The court's...
More »Despite good monsoon, farmers blame NREGA for low profits
-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...
More »With high food prices set to continue, UN agencies issue call to action
-The United Nations The United Nations agencies working to combat hunger today called for action to ensure long-term food security as a new report shows that high food prices are likely to continue and possible increase over the next decade. “The State of Food Insecurity in the World 2011,” an annual flagship report which the three Rome-based agencies jointly produced this year, states that small, import-dependent countries, particularly in Africa, are especially...
More »India Inc write second open letter to govt about corruption
-NDTV Profit Some of India’s biggest and most-respected entrepreneurs have released an open letter to the government. The group which includes Wipro’s Azim Premji, Anu Aga of Thermax and HDFC's Deepak Parekh, refers to the anti-corruption Lokpal Bill that is meant to be introduced soon in Parliament. The industrialists write, “The Lokpal Bill is only one small but critical step in the national task of weeding out the plague of corruption...
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