-The Hindu Overall, industry bodies are positive about the ongoing contraction in Inflation, but there is some wariness regarding deflation. Wholesale price Inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...

-Livemint.com The World Food Price Index in August fell to its lowest level since May 2009 Indian farmers are not going to like this. The World Food Price Index, compiled by the United Nations’ Food and Agriculture Organization, in August fell 5.2% to 155.7 points from the previous month. That’s the lowest level since May 2009. The fall comes in the backdrop of an all-round decline in commodity prices. The cereal price index...

-Livemint.com It is hypocritical of the US to give price support to its farmers while denying it to the world’s poorest farmers The tenth ministerial conference of the World Trade Organization (WTO), to be held in Nairobi on 15-18 December, is already mired in discord, with negotiators unable to agree on a mandated post-Bali work programme. At issue are US and European Union (EU) proposals to scrap the texts agreed to thus...

-Livemint.com Water availability has not deteriorated only because of the poor monsoon Amartya Sen showed in his seminal work on famines that mass starvation is not necessarily the result of inadequate food supply. He opened up new areas of inquiry that focussed on what have come to be known as entitlement failures. Sen has famously argued that human mistakes forced people into starvation in Bengal in 1943 even though food production in...

-Business Standard Monsoon starts withdrawing from northwest, complicating projections for kharif output Monsoon has started withdrawing from the northwestern region of the country, India Meteorological Department (IMD) said on Friday. “The southwest monsoon has withdrawn from western parts of Rajasthan,” the department said. The conditions are favourable for further withdrawal of the monsoon from northwest India in the next three-four days, it added. According to economists, it is too early to predict the impact...