-Press Information Bureau The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of December, 2013 declined by 1.3 percent to 179.2 (provisional) from 181.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.16% (provisional) for the month of December, 2013 (over December, 2012) as compared to 7.52% (provisional) for the previous month and 7.31% during the corresponding month...
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Farmers won't be able to sell you veggies any time soon -Chittaranjan Tembhekar
-The Times of India MUMBAI: Chief minister Prithviraj Chavan seems to be dithering on whether or not farmers should be allowed to sell their crop outside the agriculture produce marketing committee (APMC) setup. This means, consumers may not be able to get their hands on reasonably-priced vegetables and fruits brought in by cultivators in the near future. Chavan said the government needs more time to discuss the issue with various stakeholders. "Since...
More »India is still a hunger hotspot -Arvind Virmani and Charan Singh
-The Hindu Business Line Malnutrition, lack of clean water and prevalence of poor sanitation are the main causes of high child mortality in India. The Global Hunger Index (GHI) was released by the International Food Policy Research Institute (IFPRI) and Welt Hunger Hilfe (WHH) recently. According to the GHI, the world has made some progress in reducing hunger since the early 1990s and the millennium development goal of halving the share of...
More »Retail Inflation Slows to 9.87% in December
-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
More »Global food prices steady in December, 2013 prices third highest on record –UN agency
-The United Nations For the second consecutive month, the cost of food worldwide remained nearly unchanged in December, with overall global food prices for 2013 among the highest on record, the United Nations food agency today reported. In a news release, the UN Food and Agriculture Organization (FAO) said its most recent Food Price Index averaged 206.7 points, nearly the same as the 206.4 in November. The FAO's Index measures the monthly change...
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