-The Business Standard At a time when food inflation is on the upswing, an International Monetary Fund (IMF) working paper suggests it may not be as worrisome a factor, at least in rural areas. The paper says the rate of price rise in food items leads to lower income inequality in rural India. The reason is pretty simple: rural areas comprise food producers as well. Also, non-food inflation results in higher income inequality...

-Reuters India's monsoon rains retreated to below average levels in the past week, the weather office said on Thursday, after scraping above average the previous week for the first time this season, keeping overall rainfall under par and pushing futures higher. Monsoon rains were 22 per cent below average in the week to July 18 against one per cent above average rains in the previous week, reflecting the return of a weak...

-PTI With the twin objectives of preventing corrosion of tracks and providing odourless toilets to passengers, railways are replacing existing ones with bio-toilets. "While some green toilets designed by DRDO are already being manufactured and fitted in coaches, we are committed to manufacture 25,00 bio-toilets in the current fiscal," said a senior Railway Ministry official. The problem of environmental degradation and corrosion of tracks due to night soil has been engaging the attention...

-The Times of India India's official unemployment rate last year was 3.8%, data released recently by the Labour Bureau shows, but, as always, averages hide many stories. A closer look at the numbers shows that unemployment rises with education level to 10% among graduates, and higher still for backward castes. The Chandigarh-based Labour Bureau under the union ministry of labour and employment released the 'Employment and Unemployment Survey 2012' last week. The...

-PTI   India’s proposed National Food Security Bill has the potential to become a benchmark for the rest of the world to follow, the NGO Oxfam India and UK-based Institute of Development Studies (IDS) has said. The proposed Food Security Bill aims at providing legal entitlement over subsidised foodgrain to the Poor. The Bill was introduced in Parliament in December 2011 and the same has been referred to the Standing Committee. “India is taking...