Statistical poverty lines should not become real-life eligibility criteria for food entitlements.  Nothing is easier than to recognise a poor person when you see him or her. Yet the task of identifying and counting the poor seems to elude the country's best experts. Take for instance the “headcount” of rural poverty — the proportion of the rural population below the poverty line. At least four alternative figures are available: 28...

The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...

India's food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates. The Food Price Index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed. The fuel price index rose...

Ban forward trading of wheat and rice and undertake de-hoarding measures urgently Make higher budgetary allocations for Primary Health Centres which need to be strengthened Worst hit by the prices of essentials, women groups on Tuesday presented their wish-list for the budget to the Union Finance Minister Pranab Mukherjee.“The spiralling rise in prices of essential commodities and inflation have had a particularly adverse impact on women, and on families from the more...

Food inflation inched up to 17.56% for the week ended January 23 on account of rising prices of potato and pulses.  The wholesale price-based food inflation was 17.40% in the previous week. Potato prices jumped by 44.91% over the last year, while pulses became dearer by 44.43%. The inflation for primary articles, which include food and non-food items, marginally eased to 14.56% in the reporting week from 14.66% in the...