The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...

-The Hindu     Questions being raised about possible floods in downstream areas Dehradun: The level in the Tehri dam in Uttarakhand on Sunday reached 818.50 metres against the permissible mark of 825 metres, Tehri District Magistrate Nitesh Kumar Jha told The Hindu. According to Northern Regional Load Despatch Centre (NRLDC) data, the level rose by 8 metres since August 1. Mr. Jha said that for the past three to four days the inflow was around...

-The Telegraph New Delhi: The Supreme Court today ticked off the government for "dilly dallying" on an affordable drug pricing policy, following a petition that said the delay was aimed at pushing through suggestions of the powerful manufacturers' lobby. A bench of Justices G.S. Singhvi and Gopala Gowda asked the Centre to respond within six weeks. The All India Drug Action Network (AIDAN) had filed the application saying the government was delaying a...

-Down to Earth Centre wants to treat anaemia with iron tablets. Can pills substitute nutritious food? Eleven-year-old Indumati Katla, who lives in Wazirpur, Delhi, went to school on July 17. There, her class teacher asked her to gulp down a maroon tablet. Two hours later, she was in hospital recuperating from severe nausea, giddiness and fatigue. She was among the 200 government school students in Delhi who fell ill that day after...

-The Hindustan Times India's fabled growth story has just been exposed by an unlikely source - the World Bank (WB). Unlikely, because this institution is one of those most responsible for advocating economic growth as the pillar of development. In a report released on July 17, the WB states that the cost of environmental damage amounts to 5.7% of India's Gross Domestic Product (GDP). This effectively means (though the report fights shy of...