FAO's first forecast for world wheat production in 2011 stands at 676 million tonnes, representing a growth of 3.4 percent from 2010, the March 2011 edition of the Crop Prospects and Food Situation report said today. This level would still be below the bumper harvests in 2008 and 2009. Wheat plantings in many countries have increased or are expected to increase this year in response to strong prices, while yield recoveries...

Food inflation snapped a three-week easing trend in mid-March and fuel inflation remained at elevated levels, keeping pressure on the Reserve Bank to rein in broader inflation. The food price index rose an annual 10.05% in the week to March 12, higher than a 9.42% rise in the previous week as prices of potatoes and vegetables rose, data released on Thursday showed. The fuel price index climbed 12.79% in the same week,...

This book discusses a new poverty agenda for Asia and the role of social policies in economic transformation and reducing poverty. The poverty-reduction agenda is well known. So is the debate over poverty. No one disputes the fact that poverty of income (or expenditure, as countries such as India do not collect household data on income) is an imperfect measure of poverty, as there are non-income dimensions, too. Consequently, we...

The prestigious Harvard University will honour Ela Bhatt, founder of the Self-Employed Women's Association (SEWA), for her "life and work" that has had a "significant impact on society" . Bhatt (77), whose trade union has helped over a million women in India gain access to opportunities for themselves and their families, will be awarded the Radcliffe Institute Medal by Harvard University's Radcliffe Institute for Advanced Study. She would be presented the medal...

“We live in a society governed by the rule of law; and we shall have to proceed as per law” I-T department recovered undisclosed income of Rs.25,000 crore in the last 24 months Amid the hue and cry on the “black money” circulating within the country and abroad, Finance Minister Pranab Mukherjee on Friday announced the setting up of a group to quantify the black money being generated. “As soon as the report...