India's annual food inflation edged up for the second week, rising to 16.49% for the week ended May 8 as shown by the official data released on Thursday. The food inflation stood at 16.44% the previous week, up from 16.04% for the week ended April 24. Data on the wholesale price index (WPI) released by the commerce and industry ministry showed that food inflation rose though the index for this...
More »SEARCH RESULT
Total Matching Records found : 944
A Handful of Pebbles by Shriya Mohan
IN PATNI, a remote village in Satna district of Madhya Pradesh, sevenmonth- old Sandeep is playing in the mud. He finds a pumpkin seed in the dust and promptly puts it into his mouth. A tiny piece of cow dung, a pebble, a fallen leaf and finally the sole of a rubber slipper follow the pumpkin seed. For Sandeep and the children in the 300- odd families in the village,...
More »Normal rain forecast cools food inflation by Unni Krishnan
India’s food inflation slowed as finance minister Pranab Mukherjee said agriculture prices may cool further on prospects of sufficient rains this year. An index measuring wholesale prices of agriculture products including lentils, rice and vegetables compiled by the commerce ministry rose 16.61% in the week ended 17 April from a year earlier. It gained 17.65% the previous week, according to a statement in New Delhi on Thursday. Mukherjee on Wednesday vowed to...
More »Monsoon to dispel clouds over sugar, grain
A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...
More »Southwest Monsoon likely to be normal
Precipitation is likely to be 98 per cent of long-period average Rainfall is likely to be lower because of a weak El Nino condition A weak La Nina may developing by July or August The India Meteorological Department on Friday issued its first-stage, long-range forecast for the Southwest Monsoon. It is likely to be “normal,” with a precipitation of 98 per cent of the long-period average (LPA), with a model error of plus...
More »
