-The Times of India NEW DELHI: The rate of inflation accelerated to a six-month high in August on the back of spiralling onion prices, posing yet another challenge for RBI ahead of the monetary policy review as it struggles to tame volatility in the foreign exchange market. Data released on Monday showed the wholesale price index (WPI) rose an annual 6.1% in August, higher than previous month's 5.79%. The inflation rate...
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Onions drive inflation to six-month high at 6% in August-Somesh Jha
-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
More »Sow the wind, reap a storm-G Padmanaban
-The Hindu Those opposing GM crops ignore scientific evidence of their harmlessness and are depriving the nation of the wider benefits of agri-biotechnology It is unfortunate that the technical group appointed by the Supreme Court has chosen to stick with its recommendation for an indefinite moratorium on GM crop trials. There is fierce opposition from activists even to the introduction of the Biotechnology Regulatory Authority Bill (BRAI) in Parliament, meant to evolve...
More »Nagaland villagers pledge to protect migratory falcons -Pullock Dutta
-The Telegraph Jorhat: Villages near the Doyang hydroelectric project in Nagaland today pledged to protect amur falcons, which are killed every year during their brief visit to the area while migrating from Asia to southern Africa. The villagers trap and kill thousands of the migratory raptors for their meat when they visit the wetlands near the project site in the state's Wokha district between the end of October and beginning of November. Amur...
More »Food subsidy poses fiscal threat, may not help poor: World Bank
-The Times of India NEW DELHI: Prices of globally traded food declined for the third consecutive quarter since their historical peak in August, 2012, a World Bank report has said but cautioned that uncertain weather conditions and domestic policy decisions such as extension food subsidy programmes in India and other countries need a close watch. Prices of all the three main food categories declined between February and June, 2013. Prices of grains...
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