While any loss in production following the dry spell will further hit the growth story, it will also push up food inflation. considerably. Once again the rain gods are playing truant. With 31 per cent shortfall in June, and with an expectation of only 70 per cent of the predicted 96 per cent rainfall for the July-August months, crucial for farming operations, kharif sowings have already been hit. In June alone,...
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KV Thomas, Union Food and Consumer Affairs Minister interviewed by Rituraj Tiwari
-The Economic Times Union Food and Consumer Affairs Minister KV Thomas is worried about the climbing food inflation. But international demand-supply situation and rising crude prices make it tough to rein it in, says the minister in an interview with ET. Excerpts: There's a fear of below normal monsoon this year. But we have opened up our farm exports including key commodities like sugar, wheat and rice. We have ample stocks of foodgrain...
More »India rethinks frequent ban on export of foodgrain, other farm commodities-Amiti Sen
-The Economic Times India's frequent ban on export of foodgrains and other farm commodities may soon become a thing of past as the commerce department is working on a policy to allow traders meet their exports obligations even in times of domestic shortages through imports. The move will help India restore some global credibility as it has often faced flak for its banning spree. "Once we are ready with the proposal, it will...
More »India behind world average in bottled water consumption
-PTI Rajkot: The consumption of bottled water in India has shown a jump of 21 per cent in last fiscal but still India is far behind as compared to global average, according to a research recently conducted by leading marketing firm IKON. The per capita consumption of bottled water in India was at 16.20 litres during 2010-11 and jumped by almost 21 percent to 19.60 litres in 2011-12, IKON said in its...
More »A tale of errors-R Ramakumar
Contrary to the claims of the UIDAI, fingerprints are a highly inappropriate tool to uniquely identify individuals. Case 1: “There are nine checks on visa nationals arriving into the U.K. [United Kingdom]. The fingerprint matching check is the most recent. It is the least reliable. It is the least effective in terms of delivering against our requirements….” So stated Brodie Clark, the former head of the United Kingdom Border Force, to a...
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