Indian officials are unconcerned about loud complaints by the European Union and Western-backed nongovernmental organisations about the "weak text" of the final declaration of the Rio+20 summit.   India is satisfied, having already fended off earlier attempts to remove two key principles. The first is the concept of "common but differentiated responsibilities" - namely, that rich and poor countries cannot be expected to equally bear the costs of green policies . The second...

-The Business Standard MSP hikes will stoke food Inflation The government’s new kharif pricing policy, suggesting a steep 16 to 53 per cent increase in the minimum support prices (MSPs) of various crops, is unlikely to fully satisfy farmers even as it will stoke food Inflation and swell the food subsidy bill. Approval of the new prices by the Cabinet Committee on Economic Affairs (CCEA) came on the day that Inflation numbers...

-PTI Retail Inflation moved up marginally to 10.36 per cent in May on account of increase in prices of vegetables, edible oils and milk. Based on the Consumer Price Index (CPI), the Inflation for April was revised to 10.26 per cent from the provisional estimate of 10.32 per cent, according to the government data release here on Monday. Vegetable prices recorded the maximum spurt in prices, up 26.59 per cent, followed by edible...

PUNE/ KOLKATA: Heavy rains lashed Mumbai and parched fields in peninsular India as the monsoon resumed its journey after an agonising 11-day interruption, but the unforeseen 41% rain deficit this month has taken its toll, with vegetable prices rising sharply for the third straight month.  The monsoon, almost stagnant since June 6, touched southern parts of Gujarat and Chhattisgarh on Sunday. It is forecast to gain momentum in the next three...

-The Telegraph Costlier food items carried Inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food Inflation rose to...