Batten down the hatches? Pull out all the stops? It might be difficult to find the cliché that adequately emphasises the urgency with which the government needs to tackle inflation. The worry is not just that May inflation was in double digits (10.16 per cent). It is also a fact that prices of commodities other than food are now beginning to gallop. Inflation in non-food manufactured products (often referred to...
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A mixed blessing
A global survey’s rating of Indian consumers as the greenest in the world, though significant in itself, should be viewed in perspective. In the annual survey carried out by the National Geographic Society and the international polling firm GlobeScan, India topped the ranking for the eco-friendly consumption pattern of its population for the second year in a row. Brazil has been adjudged second, China third and the US last in...
More »Cabinet to consider hike in MSP of rice, wheat by Rajeev Deshpande
In a move expected to boost rural incomes but which will also impact retail prices, the government is set to raise minimum support price for the kharif season's rice crop from Rs 950 to Rs 1,050 a quintal while MSP for pulses is set to jump by between Rs 400-500. The rise in procurement price of pulses is seen as a significant bid to encourage cultivation of foodgrains that are...
More »World Food scenario appears positive
The Food Outlook of the Food and Agriculture Organization (FAO) that came out in June, 2010 has predicted that world cereal production would be reaching a record level of 2279.5 million tonnes in 2010-2011, which would be an increase of 1.2 percent over last year’s global production of 2253.1 million tonnes. As a result, it has been predicted that there would be a modest increase in world trade in cereal...
More »Will India be the world's fastest growing economy?
The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...
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