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Annual food inflation up at 17.4%

India's annual food inflation based on wholesale prices rose to 17.4% for the week ended January 16 from 16.81% the week before, according to official statistics released on Thursday. Essential items continued to rule firm, with potatoes dearer by 57.56% over the past 52 weeks, pulses up 46.87%, and vegetables costlier by 10.5%. But prices of onions declined 1.69%. The limited data on the wholesale index released by the commerce...

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India decries grain diversion to bio-fuels

India on Wednesday decried attempts to divert food grains for bio-fuels. “Diversion of grain for fuel is a dangerous trend,” Commerce and Industry Minister Anand Sharma said at the World Economic Forum meeting here. Addressing a session on energy security, Mr. Sharma said diversion of food grains for bio-fuels cannot “subvert” the need for food security. “The cost of food in India has been on a rise over the past year and...

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Fringe benefits taxed by Seema Purushothaman

Post-independence policies have taken away all securities of the small farmer Historically, compared to other developing economies, India has had relatively smaller agricultural land-holdings. Mixed farming and animal tending was the backbone of small and marginal rain-fed agriculture. Diverse food crops along with animal produce ensured relatively balanced nutrition. But policies in independent India reduced diversity while increasing the market dependence of small farms. Small farmers became victims of policies favouring...

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Financial crisis threatens to set back education worldwide, UNESCO report warns

The aftershock of the global financial crisis threatens to deprive millions of children in the world’s poorest countries of an education, the 2010 Education for All Global Monitoring Report warns. With 72 million children still out of school, a combination of slower economic growth, rising poverty and budget pressures could erode the gains of the past decade. “While rich countries nurture their economic recovery, many poor countries face the imminent prospect...

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No clearance to 88 polluting industrial clusters: Jairam by Oommen A. Ninan

Union Minister of State for Environment and Forest Jairam Ramesh on Sunday said a nation-wide Comprehensive Environmental Assessment found that 88 industrial clusters were critically polluted. Out of these 88 clusters, 8 are in Maharashtra including Tarapur and Chembur. The environment Ministry will not give clearance to any industry in these 88 clusters unless Action Plan is prepared and implemented to improve the environment in these areas, said Mr. Ramesh,...

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