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India needs to curb food wastage to tackle inflation: World Bank

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

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Out of the bank, into the money-lender's trap by Yogesh Pawar

"Will you come in now?" screams 50-year-old Tanhibai Kale of Ganeshpur village in Jhari Jhamni tehsil of Yavatmal, the heart of Vidarbha's suicide country. Lightening streaks across the darkened skies, followed by loud thunder. Her drenched nine-year-old grandson Nandu comes in from the downpour and tries to slink in but not before getting two slaps. "Next, you'll fall ill and we'll have to go looking for money to treat you,"...

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AP farmers go on 'Crop holiday' by Prashanth Chintala

The state's rice bowl is left empty An unviable minimum support price (MSP) for rice has forced farmers in Andhra Pradesh to leave their lands fallow. The movement is spreading to other states. “Farming never pays” is a familiar slogan among agriculturists across the world, and especially so in India. Nevertheless, many continue to cultivate their fields year after year, barely eking out an existence, toiling in the hope that the tide...

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4 million poor women go ‘missing' in developing nations each year: World Bank

-The Hindu Business Line About two-fifths are never born, one-fifth goes missing in infancy and childhood, and remaining two-fifths do so between the ages 15 and 59 There are close to 4 million “missing” poor women in developing countries each year, says a new World Bank report. India accounts for one million of these women. Expressing deep concern at excess female mortality or “missing” females, World Development Report 2012: Gender Equality and...

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Reasons for inflation known, but no light at the end of tunnel by Ashok Dasgupta

Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

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