The Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation and Development (OECD) have warned that farm commodity prices, especially foodgrains, may rise by as much as 40 per cent by the end of this decade. This warning must be taken seriously given its implications for food insecurity. FAO’s Agricultural Outlook 2010-2019 projects prices of wheat, coarse grains and dairy products rising by 15 to 40 per cent...
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Rich getting richer: 120k Indians hold a third of national income by Rukmini Shrinivasan
Last year may have been a cruel year for much of the country with slow growth and double-digit food inflation, but India's high net worth individuals (HNWIs) prospered — just over 120,000 in number, or 0.01% of the population, their combined worth is close to one-third of India's Gross National Income (GNI). HNWIs, in this context, are defined as those having investable assets of $1 million or more, excluding primary...
More »Watershed reforms...
The steady progress of the monsoons ought to refocus policy attention on India's deeply stressed water economy . There are fast rising demands on water resources generally, together with poorly governed supply systems, with the result that overall balances are precarious. What is worse, there's increasingly reckless mining of groundwater, and aquifer depletion is concentrated in many of the most populated and economically significant areas. Now, we have a highly...
More »States to have more voice in WTO matters by Amiti Sen
State governments will soon have a greater say in the stand the central government takes on key issues in the ongoing talks for opening up goods and Services market in global trade at the World Trade Organisation (WTO). The commerce department will hold regular consultations with state government officials on delicate issues such as safeguards to protect agriculture against indiscriminate imports and shielding sensitive industrial-goods sectors from competition, a commerce...
More »Poor socio-economic infrastructure cause for Muslims' backwardness: Survey
Inadequate socio-economic infrastructure is the major cause for the backwardness of Muslims in 90 districts, which has a concentration of the community, across the country, according to a survey conducted by the Indian Council of Social Science Research (ICSSR). In its interim report submitted to the Union Ministry for Minority Affairs, the ICSSR said lack of access to educational institutions, inadequate number of educational institutions, a low literacy rate among parents...
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