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Rice exports may rise 15% as government scraps export floor price-Sutanuka Ghosal

-The Economic Times India's rice exports are likely to jump as much as 15% this year after the government scrapped the minimum export price (MEP) of $700 per tonne. "India's annual basmati exports will surpass last year's figure in the current fiscal," said Sumeet Saluja, managing director, Whitefields Overseas, which markets basmati under the brand name India Crown. Total rice shipments, including basmati and non-basmati, were 7.3 million tonne in 2011-12. Of this,...

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Monsoon likely to retreat in September-Rituraj Tiwari

-The Times of India Though rains have lashed most parts of the country in the past few days, raising hopes of wiping out deficiency, a strong likelihood of the emergence of rain-interrupting El Nino weather pattern in September is still keeping weathermen on tenterhooks. The El Nino conditions, known to cause dry weather, are likely to disrupt the monsoon's progress which has reduced the overall rain deficit from 19% in July to...

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New land acquisition bill not in favour of farmers: Medha Patkar-Prakhar Jain

-Tehelka Activists say that the agricultural land should not be acquired for non-agricultural purposes A group of activists on Tuesday 7 August raised concerns about the land acquisition bill in its new form. The activists have demanded a white paper stating the extent of land acquired by the government. The new bill, called the Right to Fair Compensation, Resettlement and Rehabilitation and Transparency in Land Acquisition Bill, is at odds with the recommendations...

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Sugar goes sour-Priyanka Dubey

-Tehelka Are we eating sugar which small kids are producing as bonded labour? FOURTEEN-YEAR-OLD Mahendra Singh used to live with his parents and two siblings in the Jahangirpuri slum area of New Delhi until the morning he was abducted, trafficked and then callously ‘sold’ to a sugarcane farmer of Haryana’s Karnal district. Mahendra was made to work as a bonded labourer in the sugarcane fields for three-and-a-half long years, until he finally...

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Land acquisition bill conditions eased, made more industry-friendly-Urmi Goswami

-The Economic Times The government has made key changes to the proposed legislation for land acquisition, making it more attractive for industry by easing some of the stringent conditions, a person privy to the draft told ET. The rural development ministry has proposed to not implement the legislation with retrospective effect, besides relaxing the requirements of consent from landowners, and tightening the definition of market value. The amended Bill has been rechristened 'The...

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