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Food inflation rises to 17.56%

Food inflation inched up to 17.56% for the week ended January 23 on account of rising prices of potato and pulses.  The wholesale price-based food inflation was 17.40% in the previous week. Potato prices jumped by 44.91% over the last year, while pulses became dearer by 44.43%. The inflation for primary articles, which include food and non-food items, marginally eased to 14.56% in the reporting week from 14.66% in the...

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Ensuring Food Security by Sant Bahadur

With a large number of people living on subsistence level of income, the government has to safeguard their interest by ensuring availability of food grains at an affordable price. Success of any policy or programme to this effect depends on growth in agriculture production and procurement of wheat and rice, the main staple foodgrains. Though the performance of agriculture has not been uniform throughout and its growth rate has varied...

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Annual food inflation up at 17.4%

India's annual food inflation based on wholesale prices rose to 17.4% for the week ended January 16 from 16.81% the week before, according to official statistics released on Thursday. Essential items continued to rule firm, with potatoes dearer by 57.56% over the past 52 weeks, pulses up 46.87%, and vegetables costlier by 10.5%. But prices of onions declined 1.69%. The limited data on the wholesale index released by the commerce...

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ED launches probe in Rs 250cr pulses scam by Pradeep Thakur

In an attempt to crackdown on speculators and hoarders within the country, suspected to be in league with international operators in driving up the prices of pulses and other food items, the Enforcement Directorate (ED) has taken up the investigation of the Rs 250-crore pulses scam with the agency questioning Naresh Jain, an alleged associate of international don Dawood Ibrahim. Jain was last month arrested by the Narcotics Control Bureau...

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‘Food prices may decline after rabi’ by Gargi Parsai

The high prices of essential commodities are expected to decline by the end of the rabi season in the next two months, Vijay Shankar Vyas, member of the Prime Minister’s Economic Advisory Council, said here on Tuesday. “Food inflation would come down by March-April as we are expecting a good rabi production this year,” Dr. Vyas told journalists on the sidelines of the launch of a publication on agriculture, Millions Fed,...

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