-The Times of India NEW DELHI: Concerns of industry took a backseat as political parties, spurred by the oncoming election season, joined hands in Lok Sabha on Thursday to pass the land acquisition bill that enshrines consent of landowners and steep hikes in compensation. As when the food security bill was passed earlier this week, competitive populism took centrestage with Congress toasting Rahul Gandhi as the inspiration behind the legislation and BJP...

-The Business Standard As the southwest monsoon enters the last leg of its four-month journey, 2013 will be remembered as one of the best years in overall quantum and distribution of rainfall across India. More than expected rain so far have pushed up kharif sowing in a big way, which will not only add its bit to gross domestic product (GDP) growth but blunt inflationary pressures. If the intensity is maintained, India...

-PTI NEW DELHI: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on the Wholesale Price Index (WPI) was at 4.86 per cent in June. In July 2012, it was 7.52 per cent. The July number is above the Reserve Bank's comfort level of 4-5 per cent inflation. This is...

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...

-The Hindu     Genetically modified crops, whose ecological effects are irreversible, could become a mainstay of Indian agriculture thanks to collusion between the government and the biotech industry The final report of the Supreme Court-appointed Technical Expert Committee (TEC) on field trials of genetically modified crops is packed with revelations on what is wrong with institutional governance and regulation in India when it comes to GMOs (genetically-modified organisms). The report's release late last...