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Government-led inflation

Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. But after that the MSP shot...

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Food inflation rises to 17.87%

Food inflation rose marginally to 17.87% for the week ended February 20 on the back of higher prices of milk, wheat, rice and vegetables. The figure in the previous week was at 17.58%. On an annual basis, price of rice increased 10%, wheat 14%, pulses 35%, onions 11% and potatoes 28%. Inflation in fuel, power light and lubricant group was 9.59%, slightly lower than 9.89% in the previous week. However,...

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Preserving world’s biodiversity vital for economic development, UN official warns

Saving the world’s myriad diverse species, which are being lost to human activity at an unprecedented rate that some experts put at 1,000 times the natural progression, is vital not just for environmental reasons but for the economic well-being of humankind, a senior United Nations official said today. “Without preserving biodiversity and preserving our natural habitat, the Millennium Development Goals (MDGs) just cannot be achieved,” UN Development Programme (UNDP) Environment and...

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Notice (8): Trying to get property 'slug' of non-object [APP/Template/SearchResult/index.ctp, line 40]/kalyug-descent-into-darkness-by-colin-gonsalves-1204.html"> Kalyug: Descent into darkness by Colin Gonsalves

Between democracy and darkness stands the judiciary. It stands heads and shoulders above the judicial systems in Asia. But it is in rapid decline. Ahead is pitch darkness Colin Gonsalves, Delhi In the 61st year of the republic, surely, India has transited into Kalyug. Surveys of the Union of India as well as expert reports published by the Arjun Sengupta committee and the NC Saxena Committee appointed by the Central government...

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