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Maintaining crop genetic diversity needs the involvement of farming communities, and a system for sharing the benefits with them

Global credit rating agency Standard and Poor’s (S&P) on Wednesday warned of downside risks for the Indian economy if the second wave of the pandemic persists. A long-drawn outbreak will impede India’s economic recovery and may force the credit rating agency to revise its 11 per cent growth forecast for 2021-22 if wider containment measures are re-imposed. The report says lenders’ asset quality remains strained and will hold back profitability this fiscal and banks will continue to face a high level of systemic risk. “In addition to the substantial loss of life and significant humanit...

On-going lockdown and mobility curbs coupled with fears of an extension – time wise and across more Indian cities – have led to economists tweak their gross domestic growth (GDP) projections for fiscal 2021-22 (FY22). In a recent note, those at IHS Markit suggest that they expect the Indian economy (as measured by GDP) to grow at 9.6 per cent in FY22. Maharashtra’s lockdown, it said, represents a significant dampener on growth, as the state accounts for 16 per cent of national GDP. “IHS Markit forecasts 9.6 per cent real GDP growth in FY 2021, though the wider restrictions forecast...