Sugar millers are cancelling import contracts due to a drop in domestic prices and are unlikely to sign new deals on expectations of a surge in local output, a top industry official told Reuters. The contracts had been signed late last year and early this year when domestic sugar prices rose to a record and the production outlook was lower. Since then the price has fallen by a third and the...

India has possibly the largest number of active non-government, not-for-profit organizations in the world. A recent study commissioned by the government put the number of such entities, accounted for till 2009, at 3.3 million. That is one NGO for less than 400 Indians, and many times the number of primary schools and primary health centres in India. Even this staggering number may be less than the actual number of NGOs active...

The recent spike in world food prices has further widened the gap between the developed and the developing economies. While, over 70 per cent of the world's population resides in poor countries, it has access to less than 40 per cent of the world's resources such as water, irrigated land, power, etc. This is a result of inconsistent economic progress (post-colonialisation birth pangs), rampant population growth and distractions such as...

The Planning Commission today decided in favour of pumping nearly Rs 14,000 crore into social and physical infrastructure building in some 35 Maoist-hit districts. The plan, formulated at the request of finance minister Pranab Mukherjee, will focus on the National Rural Employment Guarantee Programme, rural roads, health, rural electricity, universal elementary education, child nutrition and health and new residential schools called ashram schools. Later this month, the action plan will be placed...

Crop insurance claims settlement has crossed Rs. 15,500 crore mark, benefitting over 4 crore farmers in the country. Crop insurance claims worth Rs. 15,521 crore have been settled as on 24.06.2010. With Rs. 3041 crore, Gujarat is on the top followed by Andhra Pradesh (Rs.2600 crore), Maharashtra (Rs. 1481 crore), Karnataka (Rs. 1406 crore) and Bihar Rs. (1236 crore). From Rabi 1999-2000 to Kharif 2009, 4.27 crore farmers have benefitted...