The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food inflation driven by costlier Fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...
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India won't consider EU's demand on duty-free wheat import
-PTI To protect farmers' interests, India has made it clear to EU that duty-free imports of wheat, barley, lemons, apples, pears and meslin flour will not be allowed under the proposed free trade agreement (FTA). "The EU has asked for duty elimination on wheat, barely, apple, pear, lemon and meslin flour. We have clearly explained to them that India cannot offer concessions on any of these products," a senior Agriculture Ministry...
More »4 pvt firms helped Kalaignar TV repay Swan's Rs 200 cr: CBI by Neeraj Chauhan
Probing the trail of Rs 200 crore, which was paid to Kalaignar TV by Swan Telecom in the 2G spectrum scam, the CBI has now reached at the doors of four private companies including UB Group and India Cements. While the names of the other two companies could not be ascertained, CBI officials said the four had facilitated payments to Kalaignar TV to help it repay Rs 200 crore to Swan. "We...
More »Retail inflation up for both farm and rural labourers
-The Business Standard Retail price inflation for agricultural and rural labourers rose to 9.63 per cent in May, from 9.11 per cent the previous month, mainly because of a rise in the prices of food, fuel and clothing. Wholesale price inflation for May rose to 9.06 per cent from 8.66 per cent a month earlier and was one of the factors for the Reserve Bank of India to raise the repo...
More »The social network by Sunil Khilnani
'Civil society' is a special kind of political capacity, not a repository of any special virtue—and it is not more inherently valuable than the state The story of Indian democracy sometimes plays like a soap opera. The latest episode—not the uplifting kind—involves a confrontation between the government and a mysterious something called “civil society”. Can this “civil society” cavalcade in to rescue a flailing Indian democracy—that once-proud system now being abused...
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