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India has highest inflation rate in Asia

-The Times of India NEW DELHI: The Indian economy, Asia's third-largest, faces a difficult situation where growth has slowed to a decade low but price pressures have remained stubborn. It has one of the highest inflation rates in the world, and the highest in Asia. Weak growth and high inflation also complicated the policy choice for the central bank. Separate data released by the Central Statistics Office showed industrial output slumped 1.8%...

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The truth of India’s position at Bali

-Live Mint The national food security law is in trouble from an unlikely source The outcome of the World Trade Organization (WTO) summit at Bali has been projected as a great victory for the Indian government by its spokespersons. Nothing could be farther from the truth. In exchange for a temporary reprieve on its food support programme, India has bartered away the bargaining chip of trade facilitation, which Western negotiators demanded. The...

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When the definition of poverty harms the poor-Chapal Mehra

-The Hindu We rarely ask the poor what poverty means to them and what changes in lifestyle would make them poverty-free The idea that poverty is determined, defined and measured by a group of people mostly unaffected by it is an intriguing one. Numerous definitions and studies globally tell us what poverty is, how it is measured - extreme and the moderate (there are categories!). Though surprisingly, none of these definitions has...

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Bengal among most expensive states in India -Rohit Khanna & Suman Chakraborti

-The Times of India KOLKATA: You must have been complaining about rise in prices across categories - food or non-food. What you have not realized is West Bengal has become one of the most expensive states in India. Consumer price indices for October this year, filed with the Parliament barely a fortnight back, shows that Bengal's figure is now the second highest. Consumer price indices (CPI) for the rural Bengal during October...

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Grain glut -Jyotika Sood

-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...

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