-The Economic Times   Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.  Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.  "The reason for inflationary pressures in India is that...

-The Hindu   Noted Jaipur-based economist V. S. Vyas has expressed concern over “progressive diminution” of cultivated holdings which he says has led to stagnation in the yield of major crops and rendered agricultural income insufficient for farmers to make ends meet. A sharp decline was also being witnessed in per capita food production, he said. Delivering the Tarlok Singh Memorial Lecture at the University of Hyderabad over the weekend, Professor Vyas said...

-The Business Standard   Rajasthan, Maharashtra, Jharkhand, and Karnataka have shown high-growth momentum in agricultural foodgrain production during the last five years and have the potential to contribute significantly to India’s foodgrain basket. The share of these low-foodgrain yielding states in the total foodgrain production of India have improved from 17.4 per cent to 19 per cent during 2002-06 period over 2007-11 period. However, the contribution of the states with high-yield foodgrain production like...

-The Hindu   Making no reference to the month-long conditional “ceasefire offer” from the West Bengal leadership of the Communist Party of India (Maoist), Chief Minister Mamata Banerjee on Saturday gave a seven-day deadline to the Left Wing Extremists in the Jangalmahal region on her offer of “negotiations if you give up your arms.” During her second visit to the Maoist-affected Jangalmahal region after assuming charge as Chief Minister, Ms. Banerjee claimed that...

-The Hindustan Times   As protesters blocked entry points to the Kudankulam Nuclear Power Plant (KNPP) in Tamil Nadu for the third day in a row, the troubles of the 1,000 families trapped inside the complex deepened with water, milk and other essential supplies beginning to run out. Although V Narayanasamy, minister of state in the prime minister's office, said the government would not abandon the project, one of the officials trapped inside...