-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-The Business Standard States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer   One of the issues often raised in the context of high food inflation is the pressing need to change the Agricultural Produce Market Committees (APMC), the marketing boards established by state governments. The earlier United Progressive Alliance government had asked the Congress-ruled states to remove fruit...

-Mid Day   A visit to the APMC in Vashi revealed that calcium carbide - referred to as ‘carpet' by traders - which is known to cause cancer, food poisoning, nausea etc - is being used indiscriminately to ripen the fruit faster, so as to increase sales Think before you sink your teeth into those juicy, delicious mangoes. For, they could have been ripened artificially using calcium carbide, a deadly chemical that is...

-The Business Standard   Agriculture ministry wants review of clamps on holdings; rural development ministry seeks centralisation of records With Narendra Modi set to take over as prime minister in the next few days, the department of agriculture is proposing a comprehensive review of land ceiling laws as a first major reform in the sector.   Land also figures in the to-do list of the rural development ministry. It has proposed centralisation of land records...

-The Business Standard The only way to fix food inflation Both the inflation figures for November and current market reports indicate that the contours of food inflation have changed tangibly of late. While the prices of pulses, edible oils and sugar have tended to either moderate or decline, those of staple cereals, notably rice and wheat, and of perishable items, chiefly vegetables and fruits, continue to propel food inflation higher. The blame...