To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...

To understand the role which the media should be playing in India we have to first understand the historical context. India is presently passing through a transitional period in its history: a transition from a feudal agricultural society to a modern industrial society. This is a very painful and agonising period. The old feudal society is being uprooted and torn apart; but the new, modern, industrial society has not yet been...

-PTI   Underlining the urgency to fight corruption in public life, Prime Minister Manmohan Singh today said it is the right time to move decisively in this direction. "Our efforts for rapid progress and development can have their full impact only if we curb corruption in public life and improve the processes of governance. I believe this is the right time to move decisively in this direction," Singh said addressing the two-day Conference...

-The Hindu   The Union government on Tuesday announced an increase of Rs. 115 in the minimum support price (MSP) of wheat, which has been set at Rs. 1,285 a quintal for the 2012-13 rabi marketing season. The MSP for the previous year was Rs. 1,170 including a bonus of Rs. 50. Terming the increase a “Diwali bonanza to farmers,” Law Minister Salman Khursheed told journalists that the decision was taken at a...

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...