Global steel giants ArcelorMittal (MT) and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel....
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Global targets, local ingenuity
In ten years, the living conditions of the poor have been improving—but not necessarily because of the UN’s goals EVEN at 70, Jiyem, an Indonesian grandmother, gets up in the small hours to cook and collect firewood for her impoverished household. Her three-year-old grandson is malnourished. Nobody in her family has ever finished primary school. Her ramshackle house lacks electricity; the toilet is a hole in the ground; the family...
More »Get the government out of land deals by Abheek Barman
Two days after the government scrapped a bauxite mining project in Orissa, Rahul Gandhi visited Niyamgiri, the ground zero of the anti-mine protests and told tribals that he was their sipahi in Delhi. Around the same time, farmers in Uttar Pradesh said they wouldn’t sell their land at the rates the government was offering. India is growing fast, but hassles over the acquisition of land are going to be the...
More »The backlash begins against the world landgrab by Ambrose Evans-Pritchard
The neo-colonial rush for global farmland has gone exponential since the food scare of 2007-2008. Last week's long-delayed report by the World Bank suggests that purchases in developing countries rose to 45m hectares in 2009, a ten-fold jump from levels of the last decade. Two thirds have been in Africa, where institutions offer weak defence. As is by now well-known, sovereign wealth funds from the Mid-East, as well as state-entities from China,...
More »Number of world’s hungry dips below 1 billion, UN reports
Although the number of hungry people in the world has fallen below 1 billion thanks to renewed economic growth, it remains “unacceptably” high, two United Nations agencies stressed today. The UN Food and Agriculture Organization (FAO) announced in a new report that 925 million people will suffer chronic hunger, down nearly 100 million from 1.02 billion in 2009. “But with a child dying every six seconds because of undernourishment-related problems, hunger remains...
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