-The Economic Times NEW DELHI: Monsoon rainfall, crucial for food production in India, is expected to intensify in the future and the rainy season is likely to be longer, according to the draft report by the Intergovernmental Panel on Climate Change. A leaked draft of the first of three reports comprising the Intergovernmental Panel on Climate Change's Fifth Assessment Report states while monsoon circulation is likely to weaken, monsoon precipitation is likely...

-The Times of India NEW DELHI: Unlike recent Parliament sessions when a large part of the sittings were complete washouts, the just-ended monsoon session saw passage of 10 legislations including UPA's flagship bills - food security and land acquisition. An official statement from parliamentary affairs minister Kamal Nath listed details of bills passed by both the Houses and legislations that were cleared separately by Lok Sabha and Rajya Sabha. Nath had said...

-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...

-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...