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Farmers sell gold on fears of poor crop-Sutanuka Ghosal

-The Economic Times Piyush Khanolkar, a 38-year-old farmer from the Marathwada district of Maharashtra, has just sold off 10 gm of gold which he had accrued over a period of last five years to a local jeweller. With good rains not in sight yet, he has been forced to sell off the gold to create a corpus to meet his family needs in the coming months if there is a crop failure. Prabhu...

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Will rains boost the slowing Indian economy?

-The Economic Times This is the time of the year when the country's weakest spots are exposed; despite our high growth and emerging-economy status, we continue to depend on the rains to boost rural incomes and provide a cushion in a slow economy. All eyes are on rainfall in July, which is crucial for the kharif crop that accounts for about half the food grain output. The consequences on inflation are, of...

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UN food standards body sets new regulations to help improve consumer health

-The United Nations The United Nations food standards body has agreed on new regulations, including the maximum level of melamine in liquid milk formula for babies, as part of its efforts to help protect the health of consumers, the World Health Organization (WHO) said today. Other measures adopted by the Codex Alimentarius Commission – jointly run by WHO and the UN Food and Agriculture Organization (FAO) – include new food safety standards...

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30 per cent below

-The Business Standard The government must prepare for below-normal monsoon A massive 30 per cent deficiency in the monsoon rainfall in June, coupled with an anticipated low precipitation in September, may add to the government’s difficulties in achieving its growth and fiscal deficit targets. Agriculture may not be the only victim of poor rainfall. Its contribution to gross domestic product (GDP) may have dipped to mere 15 per cent but it still...

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Human waste to light up bio-toilets

-PTI Methane gas generated from human waste could be used to light up bio-toilets developed by scientists of the Defence Research and Development Organisation.  Acting on suggestions made by Union Minister for Rural Development Jairam Ramesh, the premier research agency is now working to provide lighting solution for the convenience of those who will use bio-toilets in darkness.  "We are finding out the means to do it as the rate of production of...

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