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Global food prices drop by 4.0% in May: UN food agency

-Reuters World food prices dropped in May for a second month in a row, hit by steep falls in dairy products, sugar and other commodities, and are likely to fall further in the coming months, the United Nations' Food and Agriculture Organisation (FAO) said on Thursday. Food prices grabbed attention of the world leaders after their spike to record highs in February 2011 helped fuel the protests known as the Arab Spring...

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Retail inflation hits double digits in April

-The Times of India Spiralling prices of vegetables, oils and fats, milk and milk products pushed consumer price inflation to double digits in April in yet another hurdle to the Reserve Bank of India's efforts to ease interest rates. The double digit retail inflation rate also poses fresh challenges for the UPA government which has been on the back foot for its handling of the economy. Data released by the Central Statistics Office...

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Antidote to World Bank prescription-K Subramanian

A scholarly study of corruption in the larger context of societal growth and development Corruption is no longer a word and has become a noise. Debates on corruption have reached high decibel levels and the world is no closer to solutions. Given the complexity, there are as many views as there are participants. Some speak from high moral pedestals like those from the rich, donor countries. It is no surprise that...

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Supreme Court notice to food authority on checking supply of adulterated milk -Savvy Soumya Misra

Petition  seeks comprehensive policy on production, supply and sale of healthy, hygienic and natural milk The Supreme Court on May 9 sought a response from the apex food body, the Food Safety and Standards Authority of India (FSSAI), and the states regarding milk adulteration and production of synthetic milk. The three-judge bench sought their response on the public interest petition filed by Swami Achyutanand Tirth on behalf of the Swami Bhumanand...

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Global food prices on the rise again: World Bank

-Reuters Latest World Bank food price index showed the cost of food rose 8% between December and March Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said on Wed nesday. The latest World Bank food price index showed the cost of food rose 8% between December and March. In the...

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