To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...

In a remote Indian village in the Western state of Maharashtra, a fourth-grader named Suraj Balu Zore proudly told IPS that he can now effortlessly operate a laptop computer. Fallen by the wayside of urban India’s information technology (IT) superhighway, Khairat village – located just 80 kilometres from booming Mumbai – still has no access to the Internet.  But thanks to the recent efforts of ‘one laptop per child’ – a project...

-The United Nations   Food prices dropped to an 11-month low in October, the United Nations Food and Agriculture Organization (FAO) said today, while adding that they are still higher than last year and very volatile.   FAO’s Food Price Index averaged 216 points last month, down 4 per cent from September, the agency said in a news release. The index is a measure of basic food prices at the global level. “The drop was...

The United Nations unveiled its 22nd annual Human Development Report on Wednesday, with grave warnings that unless countries take action against climate change and implement sustainable solutions, progress in human development will be in serious jeopardy. Trends over the past 40 years indicate extraordinary progress in health and education in some of the world's poorest countries, and if those trends continue, by 2050, most countries will have achieved or surpassed standards...

-PTI   When it comes to companies bribing public officials when doing business overseas, India's score has improved the most in a global index, rights group Transparency International said on Wednesday.  Nevertheless, India still ranks near the bottom of the global Bribe Payers Index, as there was a high likelihood of Indian companies paying bribes abroad.  In a list of 28 countries, India has been ranked 19th, while China and Russia fared the worst,...