After nearly 15 straight months of double-digit food inflation, the government announced on Thursday that food inflation had dipped to 9.67% for the week that ended on July 17. That's small consolation for most Indians, particularly the poor, who have seen a relentless assault on their food budgets that has resulted in essential items being dropped from the menu, giving rise to a whole new enforced "austerity diet". Since no...

Politicians, from the ruling party and opposition alike, are grappling with the problem of how to effectively communicate with their constituencies on the issue of high food inflation. One had thought it would be easy for the opposition to mount a campaign on rising prices against the ruling coalition, but it appears that inflation and its impact on the political economy is far more complex today than it was 10...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

The Asia-Pacific region – home to two-thirds of the world’s one billion malnourished people – must see growth in agricultural investment to tackle the hunger challenge, a senior United Nations official stressed today. The number of hungry people in Asia and the Pacific climbed by more than 60 million in 2009 to 642 million, Jacques Diouf, Director-General of the UN Food and Agriculture Organization (FAO), said in a video message...

The United Progressive Allianace (UPA) government at the Centre has asked the Union Agriculture Ministry to provide diesel subsidy to farmers along with the Minimum Support Price (MSP). Minister of State for Petroleum Jitin Prasada announcing the new method said, now the government wants to provide compensation to farmers on diesel along with the MSP. Mr Prasada asked his ministry to consider making a provision for the increased price of diesel, while...