-The United Nations   The United Nations Food and Agriculture Organization (FAO) reported today that global food prices were down for the second straight month in May and that the outlook for worldwide cereal supply has improved considerably since last month. FAO's Food Price Index continued its decline from the 10-month high it experienced in March, the agency said in a news release, noting that prices fell as generally ample supplies weighed on...

-The Hindu   The Union Health Minister, Dr. Harsh Vardhan, recently said he "supports" higher taxes on cigarettes and other tobacco products. But even if he were to substantially increase the tax rates, will it make cigarettes and other tobacco products very expensive and hence reduce consumption? In the case of India, as per the current taxation practices, increasing the tax component is quite unlikely to reduce consumption drastically. This is unlike the...

-The New York Times     Small-scale farmers in the developing world, using low-tech sustainable agricultural techniques, may just hold the key to ensuring global food security, writes Andrea Stone The challenge is huge but the solution may be small, very small. Faced with global warming and a population that will swell to 9 billion by 2050, a growing number of experts say that the way to feed the masses as climate change makes...

-The Hindu   It is creditable that Narendra Modi seeks inspiration for his growth model from China and Japan rather than the U.S., which is a high-cost, specialist-driven model The old adage ‘health is wealth' was given legitimacy by no less a personage than Professor Jeffrey Sachs, who in 2000, chaired the World Health Organization's Commission on Macroeconomics and Health (CMH). The CMH report brought forth indisputable evidence of the link between health,...

-Live Mint   Despite its importance, reform of India's legal institutions has been seen as a ‘second order' issue India is a young nation long ruled by old laws-its police, for example, are governed by such colonial-era statutes as the Police Act of 1861, which predates independence by nearly a century. And its expanding economy requires forward-looking regulatory mechanisms to foster markets while curbing crony capitalism. India is also a nation that must...