Food inflation will defy government policies to remain in high single-digit levels in the long run, unless there is a change in an overwhelming bias among farmers towards staples such as wheat and rice, say economists and policymakers. A steady growth in population and rapidly rising income levels are adding to inflationary pressure at a time when agricultural productivity is showing a decline. A major reason is that the agriculture...

At least 76 people have died and several are still missing in Uttarakhand after cloudbursts and landlslides triggered by heavy rains. The region has seen some respite after four days of heavy downpour. The Chief Minister himself took stock of the situation in Haridwar and Almora districts, which have been most affected by the floods. Congress President Sonia Gandhi too visited the nature ravaged state on Tuesday accompanied by Defence Minister...

The flood situation worsened further in the western districts of Uttar Pradesh with the death of four more persons in rain related incidents even as around 177 villages of Bareilly, Badaun, Pilibhit and Shahajanpur were inundated. Meanwhile, Congress President Sonia Gandhi has arrived here to undertake an aerial survey of the flood-affected areas, officials said. "The Congress President Sonia Gandhi, who this morning undertook a tour of flood and cloudburst hit...

“If countries impose export ban, import duty, there will be an inflationary trend” The outlook for global wheat production is still positive Restrictions can cause inflationary trend on food prices in 2011 and 2012 The drought in Russia and the floods in Pakistan that have affected wheat production will impact food prices as in 2007-08, says a senior official of the World Food Programme. WFP Deputy Executive Director Ramiro Lopes da Silva says: “The...

Food inflation rose for the third week running as floods disrupted supplies, but most economists see food prices easing soon. Inflation in food articles in the new series with 2004-05 base was 15.1% for the week ended September 4, compared with 14.6% in the week before, data released on Thursday showed. The central bank chose to lift rates in its policy review on Thursday saying inflation is still a big...