The rise in food prices, with Inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food Inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...

-The Times of India   Prime Minister Manmohan Singh on Wednesday flagged amendments to land acquisition law, allowing more foreign investment in retail trading and insurance and introduction of good and services tax (GST) as the key reforms agenda of the government. "I think the first thing is to sustain the momentum of growth that we have built," PM said during a meeting with a group of editors. But a key...

-The Hindu   Prime Minister Manmohan Singh is to meet a small group of editors on Wednesday morning to discuss issues ranging from corruption charges against the government to continuing Inflation and unemployment. The informal interaction comes days after the Congress Working Committee (CWC) meeting, which took stock of the current political situation. Some CWC members were reportedly of the view that Dr. Singh should engage the media more often and dispel...

-The Telegraph   India is trying to build a consensus on liberalising foreign direct investment (FDI) in retail and defence, finance minister Pranab Mukherjee today told a gathering of business leaders and policy makers in Washington. “Discussions are under way to build a consensus on further liberalisation of the FDI policy in retail and defence,” Mukherjee said. Differences exist within the Indian government on the appropriate policies for foreign direct investments in the...

-IANS   Under attack from civil society activists, the media and some of his own party members, over perceived communication gap over critical issues, Prime Minister Manmohan Singh has decided on a media outreach plan that kicks off with a meeting with some senior editors Wednesday. The prime minister will meet a group of editors of regional and national dailies Wednesday, government sources said. Manmohan Singh has so far held only three nationally...