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Pan masala, gutka to cost more as govt raises duty

-The Times of India NEW DELHI: Pan masala, gutka and several other tobacco products that are sold in pouches are set to get expensive as the government on Monday increased excise duty in a last-ditch effort to boost revenues. A statement issued by the finance ministry did not specify the extent of increase in excise but said the levy will now be linked to the capacity of production, which has increased due...

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Farmers won't be able to sell you veggies any time soon -Chittaranjan Tembhekar

-The Times of India MUMBAI: Chief minister Prithviraj Chavan seems to be dithering on whether or not farmers should be allowed to sell their crop outside the agriculture produce marketing committee (APMC) setup. This means, consumers may not be able to get their hands on reasonably-priced vegetables and fruits brought in by cultivators in the near future. Chavan said the government needs more time to discuss the issue with various stakeholders. "Since...

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World food prices stay high, but steady

-FAO   2013 third highest year on record for FAO Food Price Index Rome: The FAO Food Price Index averaged 206.7 points in December, nearly unchanged from the previous month, with a sharp increase in dairy prices and high meat values balancing out a steep decline in sugar quotations and lower cereal and oil prices. For 2013 as a whole, the index averaged 209.9 points - down 1.6 percent from 2012, and well below...

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Global food prices steady in December, 2013 prices third highest on record –UN agency

-The United Nations For the second consecutive month, the cost of food worldwide remained nearly unchanged in December, with overall global food prices for 2013 among the highest on record, the United Nations food agency today reported. In a news release, the UN Food and Agriculture Organization (FAO) said its most recent Food Price Index averaged 206.7 points, nearly the same as the 206.4 in November. The FAO's Index measures the monthly change...

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Paradox of Poverty amid Plenty -Jaswant Kaur

-The New Indian Express   Most people would have been shocked to read the year-end report that India has been ranked 63rd, much below countries like Pakistan, Bangladesh and Nepal, on the Global Hunger Index (GHI), a yardstick used by the International Food Policy Research Institute (IFPRI) to comprehensively measure global hunger. The index is calculated as an average of three indices-undernourishment, underweight children and low child mortality rate-and is measured on a...

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