China and India sign $22 billion business deal

China and India sign business deals worth more than $22bn

China and India sign business deals worth more than $22bn

China and India signed deals worth more than $22bn in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said on Saturday.

Namgya C Khampa, of the Indian embassy in Beijing, made the remarks at the end of a three-day visit by the Indian prime minister, Narendra Modi, during which he sought to boost economic ties and quell anxiety over a border dispute between the neighbours.

Khampa said: “The agreements have a bilateral commercial engagement in sectors like renewable energy, industrial parks, power, steel, logistics finance and media and entertainment.”

China is interested in more opportunities in India’s $2tn economy.

During a visit to India in 2014 by China’s president, Xi Jinping, China announced $20bn in investments over five years, including the establishment of two industrial parks.

Since then, progress has been slow, in part because of the difficulties Modi has had in getting political approval for easier land acquisition laws.

 

Source:  theguardian.com

Monsanto’s kills 1,500 Indian Farmers

Over 1,500 farmers in the Indian state of Chattisgarh committed suicide. The motive has been blamed on farmers being crippled by overwhelming debt in the face of crop failure:

over 1,500 farmers in the Indian state of Chattisgarh committed suicide. The motive has been blamed on farmers being crippled by overwhelming debt in the face of crop failure.

over 1,500 farmers in the Indian state of Chattisgarh committed suicide. The motive has been blamed on farmers being crippled by overwhelming debt in the face of crop failure.

While many may have been shocked by these deaths, farmer suicides in India, and increasingly across the world, are not new. Crop failure may have pushed farmers over the edge, but American companies have been leading them to the cliff for years. Bharatendu Prakash, from the Organic Farming Association of India, told the Press Association:

Farmers’ suicides are increasing due to a vicious circle created by money lenders. They lure farmers to take money but when the crops fail, they are left with no option other than death.

The article also quotes the UK’s Daily Mail, enlightening us further:

…The death of this respected farmer (Shankara Mandaukar) has been blamed on something far more modern and sinister: genetically modified crops. Shankara, like millions of other Indian farmers, had been promised previously unheard of harvests and income if he switched from farming with traditional seeds to planting GM seeds instead.

Oh yes, the promise of feeding the poor of every country via genetically-modified (GM) seeds. This approach to dealing with worldwide hunger and poverty is touted by the United Nations, NAFTA, and the US government. And as the Daily Mail article later notes, “pro-GM experts claim that it is rural poverty, alcoholism, drought and ‘agrarian distress’ that is the real reason for the horrific toll.” While poverty and drought have likely contributed somewhat to poor harvests, leading the farmers to stress about their family and land, the mass suicides might have more to do with the bank loans sometimes totaling $3,000 US that these farmers have to take out in order to buy Monsanto’s (the leader in GM) seeds. The way Monsanto approaches these farmers reminds me of 19th century snake oil salesman:

The salesmen tell farmers of the amazing yields other Vidarbha growers have enjoyed while using their products, plastering villages with posters detailing “True Stories of Farmers Who Have Sown Bt Cotton.” Old-fashioned cotton seeds pale in comparison to Monsanto’s patented wonder seeds, say the salesmen, as much as an average old steer is humbled by a fine Jersey cow.

Farmers have traditionally used seeds year after year and rotated their crops in order to get the most benefit from the land. Monsanto’s seeds, on the other hand, have to be paid for every year in order to “re-license” the seeds, sinking them deeper into debt. And oh, yeah, most of these seeds are “Terminator” seeds, which means they don’t actually produce viable seeds of their own.  Farmers throughout the world are dealing with these issues.