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Seasonal variations in food prices dropped: RBI study

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...

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Rural Development ministry proposes to spend Rs 2 lakh crore on rural roads, skills training by Gunjan Pradhan Sinha

The rural development ministry has drawn out a plan to spend as much as Rs 2 lakh crore on two of its major schemes — Pradhan Mantri Gram Sadak Yojana (PMGSY) and the Swarna Jayanti Gramin Swarozgar Yojana (SGSY). The ministry, however, has left it to the government and the plan panel to decide the timeline over which these funds should be spent. The plan panel has indicated that it wants...

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World hunger report 2011: High, volatile prices set to continue

-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...

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With high food prices set to continue, UN agencies issue call to action

-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...

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Changing priorities by CP Chandrasekhar

In planning, pursuit of profit was not seen as being in the social interest in the post-Independence years, but now profit is the sole motive. FOR two decades now the Government of India has pursued a policy of accelerated liberalisation, dismantling controls, diluting regulations and making the state a facilitator of Private Investment. It is not that the presence of the state has diminished during this period, but that its role...

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