Inflation is in the news. Double-digit inflation persists, concentrated in prices of food and necessities. The Retail Prices of pulses are in the range of Rs 80-100 per kg. Seasonal vegetables retail at Rs 30-40 per kg. Yet, our pink newspapers believe there is little reason for concern. There is a boom in purchases of consumer durables. The middle class is prospering. The poor are better-off with the NREGA. And...

Owing to floods and incessant rains in northern India's Haryana, crops have been badly affected due to which the prices of the vegetables have gone up. Though the floods have receded in some parts of the area but large swathes of crops have been washed away. The wholesale rate for tomato has gone as high as Rs 40/kg, while the retail rate in some markets has reached Rs 60/kg. "Due to incessant rain...

Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...

The drought in greenfield investment projects in the fertiliser sector in India is finally set to end after over a decade. Existing and prospective investors in fertiliser manufacture are reportedly willing to invest over Rs 45,000 crore in the next few years, both in expansion of existing capacities and creation of new ones. The rising excess demand for fertiliser is driving this renewed spurt in investment activity. The increase in...

Prime Minister Manmohan Singh on Monday virtually ticked off the Supreme Court, saying that it "should not get into policy formation". The trigger for this rebuke was the apex court's anger at grains rotting in FCI and government godowns, and its direction to agriculture minister Sharad Pawar to distribute grains for free to families living below the poverty line. Talking to a group of editors on Monday morning, Singh said...