-The Economic Times Soaring vegetable prices pushed inflation higher in April, while fuel and manufactured product prices sustained their pressure posing a fresh policy challenge and announcing the return of price pressures in Asia's third-largest economy. Data released by the commerce & industry ministry on Monday showed the annual rate of inflation, based on monthly wholesale price index, stood at 7.23% for April, 2012, compared to 6.89% for the previous month and...

-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...

States to be urged to adopt resolutions for pension to elderly Following up its five-day dharna here, the Pension Parishad has decided to intensify political mobilisation for pressing its demand for universal old age pension. Several political leaders addressed the demonstrators during the dharna and the Parishad leaders called on President Pratibha Patil to elicit her support. On Saturday, a delegation will call on UPA chairperson Sonia Gandhi, who is also the chairperson...

-DNA Vidarbha, hitherto associated with farmers’ suicide, has found place in the global map for an entirely different and refreshing reason. The region will host an annual WorldAgriculture Forum from 2012 onwards to address global agrarian crisis. This was announced by Prof MS Swaminathan, agricultural scientist, on Sunday at the end of the three-day Chennai Conclave of the Ramon Magsaysay Award winners. “More than 335 farmers from Vidarbha region have committed suicide...

Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....