The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

-Reuters   India’s food price index rose 9.03% and the fuel price index climbed 13.13% for the week ended 6 August, government data on Thursday showed. Finance minister Pranab Mukherjee termed the over 9% rate of food inflation as “not acceptable”, but expressed hope that government policies and a good monsoon will help ease prices. “Food inflation at the level of 9% is not acceptable. I do hope the measures taken to remove supply...

-IBN   After failing to provide the promised land for the proposed steel plant in Gadag district, the state government has convened a meeting with the representatives of the Korean based steel giant Posco Ltd, to locate a new place in the state, Industries Minister Murugesh Nirani said here on Wednesday. While assuring the people of Gadag district that the government was very much committed to its decision of abandoning the proposal, Nirani...

-The United Nations   Funding disbursements from donor governments for the AIDS response in low- and middle-income countries dropped overall in 2010, mainly due to a reduction by the largest donor, the United States, the lead United Nations agency tackling the epidemic said today. According to an annual funding analysis carried out by the Joint UN Programme on HIV/AIDS (UNAIDS) and the Kaiser Family Foundation, donor governments disbursed $6.9 billion in 2010...

Farmers in Gadag district who succeeded in making the government revisit its decision to acquire land for housing South Korea’s Posco Steel Company, are now facing the prospect of their land being acquired for setting up agro-based industries. The government has decided to keep land ready in view of the Global Agri-Business Investment and Food Processing Meet 2011. This time, instead of Halligudi, over 3,800 acres in Petalur, Jantli-Shirur and Mevundi...