-The Hindustan Times The government\'s first budget is likely to signal the new administration\'s intention of reforming India\'s fuel pricing regime with monthly hikes of Rs. 10 per cylinder of cooking gas (LPG). Each household will, however, continue to be entitled to 12 subsidised cylinders a year. Currently, a subsidised LPG cylinder costs Rs. 414 in Delhi while the market price - which consumers pay for any demand beyond the quota -...

-The Business Standard   Unlike consumer prices, wholesale Inflation provides little comfort If the consumer price index (CPI) numbers for May, released last week, provided some comfort about softening Inflation, the wholesale price index (WPI) numbers for the same month, released on Monday, did just the opposite. Headline Inflation went up from 5.2 per cent year on year in April to six per cent in May, the highest, by a whisker, since December....

-The Citizen.in This piece is a rejoinder to an article by D K Joshi, which appeared in ‘The Indian Express' on June 4, 2014. The main arguments made by the author are neither new nor unique. Many neoliberal economists, including some occupying crucial policy-making positions have been making arguments which propose dilution of Minimum Support Price (MSP) policies to take care of excess food stocks with the government and also control...

-The Navhind Times   THAT climate will remain in a state of flux is a given. The fallout of global warming will be periodic extreme heat and drought, as was experienced by the United States and some other food-exporting countries in 2012, sending food prices close to record levels. At the same time, many countries, including China and India will experience heavy rains and floods from time to time, damaging food production. Even...

-The Times of India   NEW DELHI: The Narendra Modi government officially acknowledged that it is gearing for its first big test with the Met downgrading its monsoon forecast from 95% to a likely 93% of the long period average rainfall. "The government is alert about the possibility of a subnormal monsoon this year and contingency plans are being prepared," President Pranab Mukherjee said in his address to Parliament on Monday. The official word...