Bengal is staring at the possibility of losing self-sufficiency in rice unless the state manages to reverse a declining trend and step up production by as much as 12 per cent over the next four years. Lack of self-sufficiency in grain production need not necessarily be an alarming factor for a modern economy. But such a status is looming over Bengal in spite of factories not mushrooming on Farmland — the...
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Foreign farms in Africa bring investment and controversy
-AFP JOHANNESBURG: Foreign farms are spreading across Africa to grow food and biofuels for global markets, bringing much-needed investments but also new troubles for a continent struggling to feed itself. China, Malaysia, Singapore and Bangladesh are just some of the countries spending billions of dollars in what critics have dubbed a new "scramble for Africa", a reference to Europe's 19th century colonisation drive. But Africa holds an estimated 60 percent of the world's...
More »'Most Australians against Uranium sale to India'
-PTI The Australian government might have overturned a ban on uranium sale to India but a majority of people in the country still appear opposed to the idea of selling the mineral to New Delhi. In a new survey, a majority of Australians were found to be against the recent Labor party decision of lifting ban on Uranium sale to India with 61% opposing it. "More than 60% of Australians say they are...
More »Slight delay in monsoon onset won’t impact farm prospects: Farm secy-Banikinkar Pattanayak
A delay in the onset of monsoon by 3-4 days over the Kerala coast won’t jeopardise India’s farm prospects in the crop year starting June 1 as sowing usually picks up with the arrival of the seasonal showers, according to outgoing agriculture secretary P K Basu. In an interview, Basu told FE that the rainfall in June, however, holds the key. ‘‘If there are scanty showers in June, sowing may be...
More »More cases of 'wilful' default on bank loans by farmers
-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...
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