The global 'farmland grab' in Ethiopia and the rest of Africa has become competitive, with companies from Asia, including India and China, joining it. AN extraordinary new process has been at work in the past few years: the aggressive entry of Indian corporations into the markets for agricultural land in Africa. At one level, this process is simply following the hoary old tradition in global capitalism of firms (often supported...
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Starving India may get the Bill but not the food by Apoorva Dutt
Long promised by the UPA government, the food security bill will be tabled in parliament in December this year. However, the National Advisory Council (NAC), which drafted the proposal, is tussling with the government over the “dilution and misdirection” of the Bill. The final Bill diverges from the original NAC draft on key issues: adoption of alternatives to the PDS such as cash transfers, the risk of inflation due to...
More »Ficci suggests reforms in land acquisition draft bill
-PTI Industry body Ficci has suggested that the proposed land acquisition act should apply to the private companies only if they buy 500 acres of land or more, instead of the 100 acres as suggested in the draft law. "The industry feels the threshold of 100 acres is very low for projects, especially in rural areas and this may only encourage smaller and fragmented holdings particularly in the mining sector. Hence, this...
More »Kamal tops rich list, Antony at bottom
-The Times of India The government on Saturday released a list of assets owned by Union ministers. Urban development minister Kamal Nath and his family top the charts with a net worth of over Rs 263 crore. Prime Minister Manmohan Singh's holdings are a little over Rs 5 crore. At the bottom of the pile is the low-profile defence minister, A K Antony, who claims he has a paltry Rs 1.8 lakh...
More »Government 'disturbed' as food inflation soars past 10%
-The Economic Times Food inflation climbed into double digits after a fivemonth gap, prompting finance minister Pranab Mukherjee to term the trend "disturbing". The wholesale index for food articles rose 10.1% for the week to August 18 from a year earlier on account of a sharp increase in prices of vegetables and cereals, data released on Thursday showed. The index was at 9.8% in the previous week. "This is really disturbing,"...
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