Food prices have hit a 10-year-high as supply shortages due to poor monsoon and floods in some parts finally bit hard, forcing a worried government to announce a step-up in imports and strengthening expectations of RBI tightening policy to stop a breakout of inflation in the wider economy. Prices of potato, other vegetables and pulses drove inflation to 19.95% in the year to December 5, surging from 19% in the...
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India food prices hit 10-year high
Food prices in India have risen to a high of nearly 20% over last year, the highest rate in a decade. The federal finance minister Pranab Mukherjee has said the government was planning to import food to ease prices. A short supply of food due to lower farm produce following drought and floods has led to the rising prices. Overall inflation in India has risen to 4.78% in November, up from...
More »Coping with rising foodgrain prices by VS Vyas
India needs to initiate a number of steps to manage the emerging situation. After three consecutive good years, agricultural production has faltered in the last two years. There was a fall in production to the tune of 1.6 per cent in 2008-2009 compared to the previous year. This year, again, agricultural production is likely to be down by 2 per cent or more. The deceleration in the growth of foodgrain...
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Sahyadris have been documenting the changing climate for 40 years The latest joke among the Mahadeo Koli tribals living in the Bhimashankar area of Maharashtra’s Pune district is: “Ovni zali ka? (Have you transplanted your paddy?)” In the rain drenched Sahyadri range, where the main food crop is paddy, the unseasonal rains brought on by cyclone Phyan in late November have caused the harvested crop of fragrant Raibhog paddy to sprout...
More »Bhopal Gas Tragedy: Endless nightmare by Subodh Varma
Twenty-five years have passed since that night of terror and death in Bhopal, which saw a cloud of deadly gases explode out of a faulty tank in a pesticide factory and silently spread into the homes of sleeping people. Although no official count of casualties has ever been done, estimates based on hospital and rehabilitation records show that about 20,000 people died and about 5.7 lakh suffered bodily damage, making...
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