The Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation and Development (OECD) have warned that farm commodity prices, especially foodgrains, may rise by as much as 40 per cent by the end of this decade. This warning must be taken seriously given its implications for food insecurity. FAO’s Agricultural Outlook 2010-2019 projects prices of wheat, coarse grains and dairy products rising by 15 to 40 per cent...

The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...

Posco, the world's fourth largest steel maker, was in January ranked among a global list of 100 companies that will last for the next 100 years. Interestingly, governance, transparency and capacity to handle environment-related issues are taken into account in selecting these 100 companies "Posco will not only last the next 100 years, but will go beyond, and India will play a big part in our story of survival and growth", CK...

A team of experts from the Indian government has released a damning report on the activities of FTSE 100 company Vedanta Resources, and its plans to mine for bauxite on tribal land in Orissa, India. The report says Vedanta has broken the law and appears to have violated a Supreme Court order. It concludes that the company’s proposed bauxite mine ‘may lead to the destruction of the Dongria Kondh as a...

Vedanta Aluminium has violated forest conservation guidelines and failed to follow the Forest Rights Act in letter and in spirit at a proposed bauxite mine project in the Niyamgiri Hills of Orissa, according to a report submitted by a three-member team to the Union Environment and Forests Ministry. Following allegations about the project earlier this year, the Ministry constituted the team — with a forestry official, a former government wildlife official...