Inflation is in the news. Double-digit inflation persists, concentrated in prices of food and necessities. The retail prices of pulses are in the range of Rs 80-100 per kg. Seasonal vegetables retail at Rs 30-40 per kg. Yet, our pink newspapers believe there is little reason for concern. There is a boom in purchases of consumer durables. The middle class is prospering. The poor are better-off with the NREGA. And...

With Europe and Gulf countries, putting in place stringent safety norms for ensuring that pesticide residue in agricultural crops remain below prescribed limits, basmati (aromatic rice) exporters from India have urged the Union agriculture ministry to ensure that farmers use less pesticide. Europe and Gulf nations are main export destinations for Indian basmati rice. In a letter to agriculture ministry, Vijay Setia, president, All India Rice Exporters’ Association has said that some...

Gujarat's business acumen and entrepreneurial zest is passé; the State's leap-frogging with 11 per cent agricultural growth, praised by the Washington-based International Food Policy Research Institute (IFPRI) last year, is old hat too. What is new is this: Gujarat may now export more ‘kesar', the famous mango variety of the State, to West Asia than Maharashtra sells alphonso; the State has entered Goa market with cashew nut; and an Ahmedabad-based part-time...

Food inflation rose marginally to 16.35% for the week ended March 20 mainly on account of high prices of pulses and milk. The inflation stood at four-month low of 16.22% for the week ended March 13. The rise in food prices is mainly driven by pulses, which became dearer by 31.55%. Milk prices rose by 18.74% on the yearly basis. On weekly basis, the index for food articles rose by...

Orissa will soon formulate a state food processing policy to woo private investment in this potential sector. “A draft policy has been circulated among all stakeholders for their comments after which it will be finalised,” said chief minister Naveen Patnaik while inaugurating an agri and food processing conclave here today. Inviting private investors to invest in this sunrise sector, Naveen assured all necessary support required to promote agri and processed food products. Stating...