Prime Minister Manmohan Singh has convened a meeting of the Ministers concerned with genetically modified (GM) crops on Wednesday. Agriculture Minister Sharad Pawar, Minister of State for Environment and Forests (Independent Charge) Jairam Ramesh and Minister of State for Science and Technology Prithviraj Chavan are expected to attend. The meeting has been called in response to a letter written by Mr. Pawar earlier this month to Dr. Singh, in which...
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Try a new recipe by Ashok Gulati and Kavery Ganguly
The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...
More »The soil for change
Finally, they have bitten the bullet on fertiliser subsidy. For the past three years, the Union government has agonised on the issue of mounting expenditure on this account and has not had the courage to cut the subsidy. While Finance Minister Pranab Mukherjee announced his intent to introduce a nutrient-based subsidy (NBS) in his last Budget Speech, he has finally shown courage to do so on the eve of this...
More »Urea price hike upsets farmers
The government's decision to hike urea prices, as part of its move to rationalise subsidies, has upset farmers. Farmers are heavily dependent on urea for their production. They say it will only increase their burden. Commenting on the Cabinet's decision, one of the farmers in Punjab said, "It is a big setback for the farmers as Punjab yields maximum production." Farmers are already under so much debt, with the increase in the...
More »World’s poorest countries must diversify economies to beat poverty – UN
Economic diversification is vital if the world's most poverty-stricken countries, some of them depending on a single or a few raw materials or commodities, are to escape their predicament, a top United Nations trade official said today. “Some countries had been successful in diversifying their economies, in creating jobs, in improving governance,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told the opening session of a two-day meeting...
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