May 2010

PAC amendment to help exporters

Business Standard, 31 May 2010
According to the Foreign Trade Policy (FTP), till January, benefits of deemed exports were available to certain categories of deemed exports, only if the supplies of goods were made under the procedure of International Competitive Bidding (ICB).

PM’s climate council clears water mission

Times of India, 31 May 2010
The Prime Minister’s Council on Climate Change has given an in-principle clearance to the long pending National Water Mission — one of the eight missions planned under the National Action Plan on Climate Change.

Ensuring food security for all

The Economic Times, 31 May 2010
The National Food Security Bill, 2010 that aims to provide subsidised food grain to the very poor is welcome, but its definition of ‘food security’ is too narrow.

Sam Pitroda’s new mission – mitigating hunger in India

Sify Finance, 31 May 2010
Knowledge and telecommunication evangelist Sam Pitroda, currently advisor to the Prime Minister on Public Information Infrastructure and Innovations, is on a new mission – to make India hunger-proof and food-reliant.

Retailers not enthusiastic about FDI

F n B, 16 May 2010
The Government of India is mulling over allowing 51% FDI in multi brand retail. The current policy allows 51 % FDI in single-brand retail only.

Bangladesh wants ties in green growth, energy

The Korea Times, 16 May 2010
Bangladeshi Prime Minister Sheikh Hasina said Sunday South Korea’s technology and expertise in green growth will help her country develop renewable sources of energy and promote economic growth in the future.

Bangladesh lifts ban on Indian yarn

Indian, 15 May 2010
In a bid to help bring down the price of the textile raw material, Bangladesh has removed a ban on import of Indian yarn.

Developing Countries Stepping up Action against Climate Change

Relief Web, 11 May 2010
Despite the global financial crisis and the resulting economic downturn, the past year has witnessed unprecedented demand from developing countries for World Bank Group support in their efforts to address development and climate change as interlinked challenges.

Seeds industry unites, opposes move to check Bt cotton price

The Economic Times, 10 May 2010
Cartelisation among state governments to cap the price of Bt cotton seed has brought the domestic and multinational seed companies on a common platform to push for removal of all strictures on prices.

India to double exports by 2014: Anand Sharma

The Economic Times, 07 May 2010
Commerce and Industry Minister Anand Sharma Friday said the government is committed to doubling India’s exports by 2014 and its share in the world trade in the coming years.

Climate Change Can Increase Poverty

All, 05 May 2010
Climate change can significantly reverse the progress toward poverty reduction and food security in Africa, according to a paper presented to the FAO regional Conference for Africa.

ADB head says ‘critical decisions’ needed for Asian long-term progress

Global Times, 05 May 2010
With Asia emerging from the crisis, it’s time now for “critical decisions” that will ensure the region’s long-term economic and social progress, said head of the Asian Development Bank (ADB) in Tashkent on Tuesday.

Subsidised grain unlikely for better-off in revamped PDS

The Economic Times, 04 May 2010
The government’s plans to fix up the public distribution system (PDS) to strengthen food supply to the poor could weed out the better-off population from the welfare scheme and save nearly Rs 8,000 crore a year for the exchequer.

Agricultural aid a smart way to fight global poverty and hunger

Seattle Times, 04 May 2010
Wealthy nations should continue offering aid in times of economic crisis. More of that aid needs to be invested in agriculture to better reduce global poverty and hunger.

Labour, environment may stay out of India-Australia FTA

The Economic Times, 03 May 2010
India has managed to convince Australia to keep issues like environment, labour and government procurement out of the bilateral free trade agreement the two countries will begin discussing soon.

Australia Fighting Poverty Through Open Trade

Gov Monitor, 03 May 2010
Trade and Poverty Reduction in the Asia-Pacific Region, launched by the Parliamentary Secretary for International Development Assistance, Mr Bob McMullan, details how open markets can increase revenue for developing countries and help reduce poverty.

A Centrist Agenda for Economic Growth

The Wall Street Journal, 03 May 2010
The long-term health of the U.S. economy is at risk. There are signs of recovery from the worst recession since the great depression but not enough.