-The Indian Express India's wholesale price inflation accelerated 7.23% in April, compared with 6.89% in the previous month, as Food and manufactured items turned dearer, heaping pressure on the central bank against any dovish approach to monetary easing despite shrinking economic activity. The government has revised up the inflation figure for February to 7.36% from 6.95% estimated earlier, according to the data released by the industry ministry on Monday. Prices of Food articles...

With an eye to mainstreaming sustainability, rural development minister Jairam Ramesh has reached out to the United Nations Development Programme to suggest ways for 'greening' rural development schemes and programmes. "We are spending Rs 99,000 crore this year on rural development programmes and it would be a shame if we don't mainstream green objectives in these programmes. Rural development programmes offer a huge opportunity to deal with green concerns and challenges...

-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...

-PTI   Agriculture experts expressed concerns over shrinking of farm land by nearly 0.2 million hectares and suggested enacting strong legislation to stop shifting of land for non-farming purposes. According to government statistics, the cultivable land in the country has come down to 182.5 million hectares during 2009-10 compared to 182.7 million tonnes during 2005-06. Director General of ICAR (Indian Council of Agricultural Research) S Ayyappan said shrinking of farm is a matter of...

-The Business Standard The conflict between a universal and a targeted approach to social welfare which has held back the proposed Food security law is now emerging in the ongoing movement for a universal pension. While economist Jean Dreze, who has been demanding universal old age pensions as part of a platform called Pension Parishad, has called for abolition of the Below Poverty Line (BPL) targeting system in all pension schemes, calling...