-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...

-PTI CHANDIGARH/PUNE: Arrivals of onion from Afghanistan have failed to bring down retail prices of onion in Punjab as it continued to remain high, with traders citing poor quality coupled with low arrivals. In the wake of skyrocketing prices of onion in India, Punjab traders have been importing onion from Afghanistan via Attari-Wagah land route. Daily 3-5 trucks laden with onion are crossing over to India, traders said. "There is not much onion...

-The Times of India NEW DELHI: The Union environment ministry has issued an order keeping in abeyance the controversial August, 2007 notification, which allows import of genetically modified (GM) processed food items into India without its prior permission, till March 31, 2014. Though the ministry has continuously been keeping the notification in abeyance since February 2008, this time it has opted for a shorter period - usually it used to be a...

-PTI NEW DELHI: Around 20 million tonnes of wheat is wasted in India every year due to inadequate storage infrastructure, Institution of Mechanical Engineers said today. "Foodgrains are lost in India mainly due to lack of facilities in storage and transportation. 20 million tonnes of wheat is lost every year as a result of that," said Tim Fox, Head of Environment at the UK-based body. He released the report, 'Global Food: Waste not,...

-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...