-The Telegraph   Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...

-The Hindu Food Ministry wants to limit grain procurement to the needs of PDS More than 6.6 million tonnes of wheat meant for the public distribution system, is lying in the open, running the risk of damage from rain, Minister of State for Food and Public Distribution K.V. Thomas admitted here on Thursday. The government’s priority was to evacuate the wheat, he said. Faced with a problem of plenty, the Food Ministry wants to...

Bengal is staring at the possibility of losing self-sufficiency in rice unless the state manages to reverse a declining trend and step up production by as much as 12 per cent over the next four years. Lack of self-sufficiency in grain production need not necessarily be an alarming factor for a modern economy. But such a status is looming over Bengal in spite of factories not mushrooming on farmland — the...

-The United Nations World leaders, along with thousands of participants from governments, the private sector, non-governmental organizations (NGOs) and other groups will come together in Rio de Janeiro, Brazil, to take part in the UN Conference on Sustainable Development (Rio+20) later this month. The Conference seeks to shape how countries and their citizens can reduce poverty, advance social equity and ensure environmental protection to achieve long-term growth. Seven key areas have been identified...

-The Telegraph Costlier food items carried inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food inflation rose to...