-PTI   Terming high global commodity prices a "grave threat", Finance Minister Pranab Mukherjee has called for developing countries to increase their investments in agriculture to improve crop productivity. "The recent commodity and food Price rise and their volatility constitute a grave threat to economic growth and food security in our economies," Mukherjee said at a meeting of G-24 Finance Ministers here last evening. He took over as the new chairman of the group...

30 per cent of cars sold last year were with diesel engines The growing gap between the prices of petrol and diesel has given a boost to the sale of diesel cars even as environmentalists cry foul over the public health impact due to the increasing use of diesel, which is also referred to as “dirty fuel” in Indian cities. While petrol consumers are paying market-linked prices of Rs. 66.84 per litre...

-The Hindu   Nothing is more reflective of the confusion and mix-up of priorities of the United Progressive Alliance government than the mismanagement of fuel pricing. While struggling to control inflation through monetary policy, the government sees no problem in allowing oil marketing companies to continually raise the price of petrol. The latest hike, by more than Rs.3 a litre, comes on top of the two substantial increases earlier this year. Although...

Managing our soil and water resources in a sustainable and equitable manner needs a new political vision, which can be expressed through the proposed Land Acquisition Bill and the recently formed Global Soil Partnership. On the basis of a proposal I had made three years ago, the Food and Agriculture Organisation (FAO) launched a Global Soil Partnership for Food Security and Climate Change Adaptation and Mitigation at a multi-stakeholder conference, held...

-The Business Standard   Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...