The pinnacle of a market economy is when the consumer feels like king. Never before have Indians had such a vast choice and for the icing on the cake, prices from kitchen goods to cars started falling in 2008.
World Bank President Robert B Zoellick in his remarks at the Rome Conference on Food Security pointed out that 28 countries have imposed export bans on food items and stressed 'these restrictions and taxes should be lifted, at a minimum for humanitarian food purchases and transportation by World Food Programme'. UN Secretary General Bank Ki-moon on Tuesday called upon the countries to resist the temptation to impose ban on export of foodgrain.
More than 850 million hungry people around the globe can enjoy a better life if the world sets aside less than three per cent of what it spends on the purchase of arms every year, for the development of agriculture.Pointing out the stark realities of the wasteful spending, United Nations Food and Agriculture Organisation director general Jacques Diouf on Tuesday appealed to world leaders for US$ 30 billion a year to re-launch agriculture and avert future threats.
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