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What's cooking in inflation numbers?-Soumya Kanti Ghosh

-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...

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Flood situation worsens in Odisha, Andhra Priya -Ranjan Sahu & agencies

-The Hindustan Times BhuBaneswar/Hyderabad: At least four more people have been killed and 66,000 evacuated as the flood situation worsened in Odisha following incessant rain in most parts of the state for the fifth consecutive day on Friday. The continuous downpour has added to the suffering of the people after Cyclone Phailin hit the beach town of Gopalpur in Ganjam on the night of October 12 with a wind speed of more...

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NABARD Launches New Scheme to Advance Direct Loans

-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...

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Onion crisis to last 2-3 weeks: Pawar -Vishwa Mohan & Dipak Kumar Dash

-The Times of India NEW DELHI: Even as the Centre on Wednesday stepped in to import onion from China and Pakistan in a bid to cool down prices of the staple, Union agriculture minister Sharad Pawar warned that the crisis may continue for another two to three weeks. "Next two to three weeks will be tough. Ultimately, we have to find a solution. We have to import as early as possible," Pawar...

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Madurai’s dry pockets are turning green-L Srikrishna

-The Hindu Villages get infrastructure to conserve water and recharge wells Madurai: The district's dry pockets in the Usilampatti and Sedapatti blocks are alive with development activity aimed at mitigating the hardship faced by drought-hit farmers. Watershed and percolation ponds are being created in these regions. On the lines of initiatives taken by the National Bank for Agriculture and Rural Development (NABARD) and non-governmental organisations, the State government is establishing watershed projects to...

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