-Reuters Inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the central bank at its review next week, a Reuters poll showed. The wholesale price index, India's main inflation gauge, is expected to rise 7.60 percent in May versus a year ago, compared with April's 7.23 percent, the poll of 31 analysts showed. Forecasts ranged from...

A delay in the onset of monsoon by 3-4 days over the Kerala coast won’t jeopardise India’s farm prospects in the crop year starting June 1 as sowing usually picks up with the arrival of the seasonal showers, according to outgoing agriculture secretary P K Basu. In an interview, Basu told FE that the rainfall in June, however, holds the key. ‘‘If there are scanty showers in June, sowing may be...

-The United Nations The number of displaced persons worldwide will significantly grow over the next ten years due to factors such as conflict, natural disasters and climate change, according to the flagship publication of the United Nations refugee agency, launched today, which stresses that international solidarity is needed to address the issue. “The world is creating displacement faster than it is producing solutions, and this means one thing only: More people trapped...

The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...

An expert panel has blamed the increase in commercial plantations for destroying forests, erosion of soil and water bodies in the Western Ghats. According to a Western Ghats Ecology Expert Panel report, which was submitted to the Ministry of Environment and Forests (MoEF) by its Chairman, Prof Madhav Gadgil, water guzzling crops and monoculture plantations such as tea, coffee, and cardamom are responsible for depleting forest wealth. “These crops have aggravated the...