-FAO Direct economic costs of $750 billion annually - Better policies required, and "success stories" need to be scaled up and replicated Rome: The waste of a staggering 1.3 billion tonnes of food per year is not only causing major economic losses but also wreaking significant harm on the natural resources that humanity relies upon to feed itself, says a new FAO report. Food Wastage Footprint: Impacts on Natural Resources is the first...
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Rs 44,000 crore worth of food go waste every year: Sharad Pawar
-PTI NEW DELHI: Due to lack of adequate storage infrastructure, fruits, grains and vegetables worth Rs 44,000 crore go waste every year, Food Processing Industries Minister Sharad Pawar informed Rajya Sabha on Friday. Pawar said during Question Hour that the value of annual wastage of fruits and vegetables was estimated at Rs 13,309 crore. However, if the wastage value of rice, wheat, cereals and others are taken into account, it would go...
More »Big ‘no’ to cash transfers under Food Bill -Gargi Parsai
-The Hindu While the UPA is showcasing cash transfers as a key initiative and has even made a provision for it in the National Food Security Bill (NFSB), there is a strong resistance to it. Major Opposition parties are moving amendments against cash transfers, food coupons and cash allowances in lieu of food even as the law is to come up for approval. So far, Delhi and Bihar are keen on providing cash...
More »Onion prices: another case of the great Indian paradox-Pramit Bhattacharya
-Live Mint The absence of genuine competition at mandis and numerous transaction charges are distorting onion prices The joke doing the rounds today is that the spike in onion prices has been a great equalizer, bringing parity between the price of a bottle of beer and a kilo of onion. The humble vegetable has also found pride of place as a gift item to customers at a tyre shop in Jamshedpur,...
More »July inflation accelerates to 5.79%: Government
-PTI NEW DELHI: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on the Wholesale Price Index (WPI) was at 4.86 per cent in June. In July 2012, it was 7.52 per cent. The July number is above the Reserve Bank's comfort level of 4-5 per cent inflation. This is...
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