Good weather conditions and the recent rains in North India have brightened the chances of a better wheat crop this year. Improvement in the cultivation per hectare of wheat and better quality seed may also help increase production. According to sources, the total wheat production of Haryana and Punjab may reach 268 lakh metric tonnes in 2010-11, compared to 256 lakh MT of the previous year. It is expected that while...
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Why food is costlier by TN Ninan
Twenty years ago, a Maruti 800, with an air-conditioner fitted, cost a little less than Rs 2 lakh. Today it costs about Rs 2.5 lakh. Twenty years ago, a branded 1.5 tonne window air-conditioner cost about Rs 30,000; today, you can get a split AC unit for that price. Then, Videocon was offering large refrigerators for more than Rs 30,000; you can get better units today for much less. TV...
More »FAO food price index hits new high
Global food prices rose in December, with the FAO Food Price Index at a record high, the UN Food and Agriculture Organisation said on Wednesday, past 2008 highs when rising food prices sparked riots in a number of countries. Up for the sixth month in a row and fueled by surging sugar prices and rises in cereals and oils, the index was the highest since records began in 1990, in nominal...
More »Microlenders, Honored With Nobel, Are Struggling by Vikas Bajaj
Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...
More »Food price inflation worries India
India's food prices have increased significantly over the weekend, leaving customers and shopkeepers extremely worried. Reuters reports the price of onions in particular has peaked. Onions are currently selling between Rs 70-80 per kilogram ($AU1.56- $AU1.78), after being worth Rs 45 ($AU1) only a few days ago. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) reports food inflation climbed nearly to a year's high of 18.32 per cent on December...
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