Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

-BBC   India's main planning body has said half a dollar a day is "adequate" for a villager to spend on food, education and health. Critics say that the amount fixed by the Planning Commission is extremely low and aimed at "artificially" reducing the number of poor who are entitled to state benefits. There are various estimates on the exact number of poor in India. Officially, 37% of India's 1.21bn people live below the poverty...

-The Hindu   India will support the removal of food export restrictions for humanitarian purposes during the annual meeting of the International Monetary Fund (IMF) and World Bank in Washington later this week. The Finance Minister, Mr Pranab Mukherjee, will attend the two-day meeting on September 23-24. According to the agenda note prepared for the meeting, India has welcomed the recommendations of the Development Working Group (DWG) of the Agriculture ministerial. One of these...

-IANS   Assam has been allocated $2.5 million by a UN body to help improve hygiene in rural areas, stressing on the economic gains that would follow "when people spend less money on preventable sanitation-related diseases". India is among 10 countries - seven African and three Asian - which have been identified for a five-year project. India loses $53.4 billion annually due to poor sanitation and hygiene, according to a recent report...

As I write this my city Delhi is drowning. It started raining early this morning and within a few hours the city has come to a standstill. The television is showing scenes of traffic snarled up for hours, roads waterlogged and people and vehicles sunk deep in water and muck. The meteorological department records that some 60 mm of rain has fallen in just about 6 hours; 90 mm in 24...