-The Economic Times   Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.  Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.  "The reason for inflationary pressures in India is that...

-PTI Amid a demand by Team Anna for radical poll reforms, Chief Election Commissioner S.Y. Quraishi says he is not in favour of ‘Right to Recall' or ‘Right to Reject' elected representatives, warning that any such electoral rule will “destabilise” the country. Opposing any move to have a ‘Right to Recall' as in many Developed Countries, Mr. Quraishi said it may not work in India given the size of the country. “It's not...

India has markedly improved the access of girls to education, besides bringing down fertility and infant mortality rates, but the World Development Report 2012 on ‘Gender and Development’ issued warnings on other fronts—women’s labour participation rates remain stagnant and domestic violence is alarmingly high. The report, launched on Thursday at the World Bank, also highlighted high rates of domestic abuse and their relationship to reproductive health apart from high maternal mortality...

-FAO   Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today.    Small, import-dependent countries, particularly in Africa, are especially at risk.  Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and...

-The United Nations   The United Nations agencies working to combat hunger today called for action to ensure long-term food security as a new report shows that high food prices are likely to continue and possible increase over the next decade. “The State of Food Insecurity in the World 2011,” an annual flagship report which the three Rome-based agencies jointly produced this year, states that small, import-dependent countries, particularly in Africa, are especially...