-The Economic Times Governor of the Reserve Bank of India, D Subbarao said on Tuesday that India's food inflation was fanned by change in dietary habits. Commenting on high inflation, Subbarao said that underlying drivers of inflation have changed. "India needs to address challenge of food inflation. Food inflation has substantially come down but over the last 3.5 years since 2008-2009, average food inflation has shot up higher than the past 6...
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2G scam: Supreme Court grants bail to 5 corporate honchos by Dhananjay Mahapatra
The Supreme Court on Wednesday granted bail to Unitech's Sanjay Chandra, Swan Telecom's Vinod Goenka and top Reliance ADAG executives Gautam Doshi, Hari Nair and Surendra Pipara in the 2G scam case. The judgment was delivered by a bench of Justices G S Singhvi and H L Dattu on Wednesday morning. The apex court asked each accused to give a bail bond of Rs 5 lakhs with 2 sureties each. This is the...
More »Organically inclined by Madhavi Shivaprasad
When I met organic farmer John Fennessy, who has been cultivating his farm at Sulekunte, Bangalore, for the past three years, I felt I was learning a valuable lesson in life. Having sold some of the first produce from his four-acre farm ‘Hamsa' at the Flea Market recently held at Jaaga, a proud John shared some very insightful thoughts about life as an organic farmer .“I believe we must, as responsible...
More »Food inflation cannot be tackled in generic way: Swaminathan
-The Hindu MSSRF signs MoU with Marg Limited Food inflation could not be tackled in a generic way but has to be broken down and examined commodity by commodity, said M.S. Swaminathan, agricultural scientist. After signing MoU with Marg Limited on a partnership to provide knowledge connectivity to empower rural communities, Prof. Swaminathan said it was the price of Vegetables, pulses, oil seeds, potatoes, onions and fruits that were climbing up and not...
More »FDI if retailers procure 30% stuff from small industry by Surajeet Das Gupta & Nayanima Basu
Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...
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