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Flamingos slaughtered for meat in Kutch

-The Times of India Wildlife experts and enthusiasts from around the world will congregate in the air-conditioned environs of Mahatma Mandir in Gandhinagar as part of the Global Bird Watcher's Conference on January 19. But it would make more sense if they met in the marshlands of Kutch and surrounding areas, which have become a graveyard of some of the most endangered winged species in the country - flamingos. Conservation activists have...

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Food inflation at four-year low of 1.8%

-The Business Standard   Economists question veracity of the data; say too early for RBI to cut rates. Food inflation for the week ended December 10 fell to a four-year low of 1.81 per cent, after declining to 4.35 per cent last week. The decline is much sharper than what Chief Economic Advisor Kaushik Basu expected — he had predicted less than three per cent food inflation by early January. What’s more, many...

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At 8%, plunging food inflation brings back smiles

-The Economic Times   India's food inflation eased to a four-month low in the week to 19 November as vegetables, cereals and eggs turned cheaper. The decline in the reading for the fourth consecutive week came as a respite to the government struggling to recover from a string of recent bad tidings.  Data released by the commerce and industry ministry on Thursday showed the wholesale price index for food articles rose 8% year-on-year,...

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Food inflation fanned by change in dietary habits: D Subbarao, Governor, RBI

-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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Cabinet may consider proposal to allow 51% FDI in multi-brand retail

-The Economic Times   The cabinet will shortly consider a proposal to allow 51% foreign direct investment (FDI) in multi-brand retail, as the government finally musters the will to implement the controversial policy measure that has been stalled for years. The commerce and industry ministry has prepared a note for the cabinet to allow 51% FDI in multi-brand retail and increase the limit on single-brand retail to 100% from the current 51%....

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