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 Indian Express To reduce poverty, India needs to concentrate on promoting healthcare and education of the poor It is sometimes argued that a country such as India, aiming to eliminate absolute poverty, should only be concerned about economic growth, and not worry about inequality. Is that right? Yes, growth is (typically) good for the poor but it is no less true that inequality is (typically) bad for the poor. There is little...

-Outlook The Centre today told the Supreme Court that there has been large-scale violation in MNREGA implementation in Uttar Pradesh for which CBI probe has been sought by an NGO. Additional Solicitor General Indira Jaising told a bench comprising Chief Justice P Sathasivam and Justice Ranjana Prakash Desai that details of the violation have been documented in the affidavit filed by the Centre. The ASG said the money which is released from the...

-The Hindu     Questions being raised about possible floods in downstream areas Dehradun: The level in the Tehri dam in Uttarakhand on Sunday reached 818.50 metres against the permissible mark of 825 metres, Tehri District Magistrate Nitesh Kumar Jha told The Hindu. According to Northern Regional Load Despatch Centre (NRLDC) data, the level rose by 8 metres since August 1. Mr. Jha said that for the past three to four days the inflow was around...

-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...