India is hungry as Modi talks of feeding the world

Agencies
May 26, 2022

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The only thing India can possibly do during this year’s global food crisis is to not make it any worse for its own poor. As the cost of basic nutrition balloons everywhere, the second-most-populous nation’s best bet is to fall back on its extensive system of state procurement and public distribution to soften the blow.

But, around mid-April, Prime Minister Narendra Modi promised US President Joe Biden that India could feed the world. If the World Trade Organisation allowed it, “India is ready to supply food stocks to the world from tomorrow,” Modi said, recalling the conversation.

Modi’s ministers and advisers ought to have known better. Just as the Indian leader was talking to Biden, the north Indian wheat crop was being scorched by a deadly heat wave. The Ukraine war and the resulting grain shortage may have presented India with an opportunity to script a role for itself in international trade, but climate change and a brewing chapati crisis should have been reasons to curb the enthusiasm.

Eventually it had to do just that: In mid-May, India imposed a hasty ban on wheat exports to ensure its own food security. It was a repeat of the Covid-19 fiasco when Modi bragged about how India, the world’s pharmacy, will save humanity. But a vicious outbreak of the delta variant forced it to backtrack. By March 31, India’s share of the global vaccine trade was just 2.3 per cent. Just as with the pandemic, the ripples of New Delhi’s wheat flip-flop are being felt internationally. The Group of Seven nations criticized the embargo. "If everyone starts to impose export restrictions or to close markets, that would worsen the crisis," German agriculture minister Cem Ozdemir said.

Actually, the opposite might be true. From Indonesia’s restrictions on palm-oil shipments to Malaysia’s ban on chicken exports, some 30 countries have resorted to such measures. Had India not closed its markets, the country might have faced a shortage of chapatis — India’s ubiquitous, unleavened daily bread. People, rich or poor, don’t consume wheat; they buy flour to make chapatis. And this year, there may be 6.5 per cent fewer chapatis for the same crop as previous harvests, while wheat output itself will likely see its first dip in seven years. 

In a nutshell, the problem is this: Last year, one kilo of Indian wheat resulted in about 770 grams of flour. This year, that might go down to 720 grams. The hottest March in 122 years has stunted grain formation. In fact, traders are buying wheat that is below their normal flour-yield cut-off level — that would be a score below 76 on a hectoliter test. Now, inferior readings of 72 are acceptable because of the scarcity of good wheat, according to industry sources.

Blame can be laid to the unusually early heat wave that engulfed India and Pakistan, weather that was made at least 30 times more likely by human-caused climate change, according to scientists at the World Weather Attribution initiative. India’s crop will be lucky to exceed 100 million tons this year, a steep decline from the initial government estimate of a record 111 million-ton harvest.

Taking 15 million metric tons from this total to export to the world — as the government boasted — was more than a little shortsighted. For one, the Food Corporation of India, the state-buying agency, has neglected to fill out its granaries. Last year, it bought 43 million metric tons for its stockpiles. This year’s target has been slashed to less than half of that. Those 19.5 million tons of purchases, plus the 30 million tons currently in FCI storage will mostly go into public distribution if the Modi administration extends the free grain program it started during the pandemic. There will be little left in the state’s wheat pool to tamp down any speculative fervor in the domestic open market.

The government isn’t without tools. If prices skyrocket, New Delhi can impose stock limits to force traders to release their hoards. The FCI could also offload more rice than wheat into the subsidised public distribution system. Most Indian diets nowadays can accommodate both. This could free up about 10 million tons of wheat to accommodate government-to-government supply deals such as with Egypt.

Still, these are stopgap solutions. The premise of Modi’s failed farm-reform legislation was to give more freedom to farmers to discover free-market prices for their produce. The about-face over wheat shows that when it comes to India’s agriculture, primacy of markets remains a pipe dream. A limit on sugar exports has also come up. Unlike wheat, where India is a bit player in global trade, the country is No. 2 in sugar shipments after Brazil. That’s a perfidy in itself because the sweetener guzzles water — and by selling it overseas, India exports its precious rain.

Maybe the current wheat shortage will ease if, as Lithuania has proposed, a protective corridor for grain shipments from Ukraine ends up breaking a Russian blockade of the Black Sea. With that, the pressure to feed India’s 1.4 billion people may also lift. But the long-term threat of climate change won’t go away. As global temperatures rise 2 degrees Celsius or more above pre-industrial levels, the country’s chapati challenge is only going to become more urgent.

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News Network
November 15,2024

Udupi: The Tourism Department is planning a major eco-friendly development initiative for Kamini Island, located near the Blue Flag-certified Padubidri End Point beach, aiming to attract more visitors while maintaining environmental sustainability.

Assistant Director Kumar CU emphasized that, given the island’s proximity to the Blue Flag beach, all development efforts will center around eco-friendly practices. “We are looking to enhance the Kamini River and the island’s surroundings by adding a hanging bridge, nature trails, and eco-friendly food courts offering traditional cuisine. Visitors will also be able to reach the island by pedal boats or kayaking,” he said.

The development project is estimated to cost between Rs 3 crore and Rs 4 crore. Meanwhile, the Blue Flag beach, Padubidri, continues to see a steady flow of visitors. Vijay Shetty, manager of the beach, shared that tenders for food courts and water sports have been awarded to private parties. Recently, three new coracles have been introduced, which are proving to be a hit with visitors. Additionally, three more shelters are expected to be ready by November 20.

Shetty mentioned that the beach can now accommodate between 2,500 and 3,000 visitors daily, although footfall remains lower than other district beaches due to user fees and activity restrictions. “Initially, most visitors were from Mangaluru, but now nearly 40% come from other districts, showing a shift in the visitor demographics,” Shetty noted.

To further boost tourism and promote a healthy lifestyle, a Beach Carnival is set to take place on November 23-24, featuring the National Sea Swimming Championship and a sea marathon in collaboration with the Padubidri JCI, which is celebrating its golden jubilee. Cultural events will be held at the main beach, with some sports events taking place at the Blue Flag beach. Emphasis will be placed on making all activities environmentally friendly.

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News Network
November 12,2024

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The Palestinian Hamas resistance movement says its fighters have killed at least 20 Israeli soldiers in northern parts of the besieged Gaza Strip in just two days, in retaliation for the occupying regime’s genocidal war on the Palestinian territory.

In a statement on Monday evening, Hamas said that fighters of its military wing, al-Qassam Brigades, “killed at least five occupation soldiers” in northern parts of the coastal territory earlier in the day.

It added that Hamas fighters also killed 15 Israeli soldiers in the war-ravaged region on Sunday.

The resistance movement’s “qualitative operation … confirms once again the failure of the criminal Zionist entity to suppress and eradicate the Palestinian resistance, which continues to direct qualitative strikes against its terrorist soldiers,” Hamas further said on its Telegram channel.

Palestinians have increased their resistance operations in the face of intensified Israeli aggression in northern Gaza that has claimed the lives of more than 1,000 over the past weeks.

“Our valiant resistance is waging a war of attrition with the criminal enemy, inflicting daily losses on its soldiers and vehicles, and all of [Israeli prime minister Benjamin] Netanyahu’s bets and dreams of achieving any of his goals are failing,” the Gaza-based resistance movement added.

Hamas also vowed that Israel’s ongoing crimes and aggression against Gaza would be met with increased resistance and painful strikes, which will continue until the aggression against Palestinians ends and the regime fully withdraws from the blockaded territory.

As the war in Gaza enters its 14th month, the Health Ministry reports that Israeli attacks have killed at least 43,603 Palestinians and wounded 102,929 others.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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