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Land bill worry for industry -Ashutosh Mishra and Subhashish Mohanty

-The Telegraph Bhubaneswar: The Land Acquisition Bill passed by the Lok Sabha, which is being hailed as "revolutionary" by some, may hit the industrialisation drive in the state where a number of projects are caught in land tangles. The proposed law, which makes consent of 80 per cent of landholders in the project area mandatory for land acquisition in the case of private projects, is likely to suit protesters who have been...

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Growth slowest in four years

-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...

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Private players to import 7,000 tonnes of onions -Dipak Kumar Dash & Sidhartha

-The Times of India NEW DELHI: Private players have placed orders to import around 7,000 tonnes of onions, while the government leaned on a public sector company to ship the key kitchen ingredient to beat the domestic shortage. The moves came even as the food and consumer affairs ministry said it will seek export curbs if prices did not ease in a fortnight. Senior government officials said Project Export Corporation was on...

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GET READY FOR HIGHER FOOD PRICES

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...

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Taking steps to ensure compliance with EU food norms: Govt

-PTI NEW DELHI: Admitting to increased stances of rejection of food consignments by EU in the last three years, government today said it is taking steps to ensure compliance with the European norms. To a question that whether reports about increase in notifications by the European Union against food exports from India due to presence of contaminants are correct, Minister of State for Commerce D Purandeswari said: "Yes". There have been an increase...

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