In a bold move that will not just prune the humongous fertiliser subsidy bill but also change the face of agriculture, Prime Minister Manmohan Singh, aided by several Cabinet colleagues, today brought in a nutrient-based subsidy (NBS) regime. This will incentivise companies to innovate beyond a handful of products sold in the market presently and offer farmers choice based on soil needs. This is expected to trim the subsidy bill...
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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...
More »More than 20 million people in Asia-Pacific could fall into extreme poverty, UN warns
The global economic downturn could push an additional 21 million people in the Asia-Pacific region into extreme poverty, rolling back development gains, according to a United Nations-backed report issued today. The publication, launched in Manila, examines the toll that the crisis has taken on progress towards achieving the Millennium Development Goals (MDGs) &NDAsh; eight anti-poverty targets agreed upon by world leaders with a 2015 deadline &NDAsh; in the Asia-Pacific. Produced...
More »Norway says ‘no’ to genetically modified seeds by Sarah Hiddleston
“The main instrument for global food security is national food production. Every country has an obligation to provide food for its own population. Trade alone cannot solve the fuNDAmental challenges regarding hunger,” believes Norwegian Minister of Agriculture and Food Lars Peder Brekk. When agriculture is Norway’s second biggest national industry and provides for half of the Norwegian people’s needs, it’s no wonder that he sees eye to eye with India...
More »UN’s annual conference with civil society groups to spotlight global health issues
Global health will be the focus of this year’s annual United Nations conference with non-governmental organizations (NGOs), the head of the UN’s Department of Public Information (DPI) announced today. Kiyo Akasaka, Under-Secretary-General for Communications and Public Information, issued a joint statement with the Australian Government in which he said the UN DPI/NGO conference &NDAsh; now in its 63rd year &NDAsh; will be held in Melbourne from 30 August to 1...
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