-The Economic Times The Centre has assured Trinamool Congress that deregulation of diesel prices would not be carried out soon, advertising its lack of resolve for tough reform measures. A Trinamool Congress leader told ET that minister of state in the PMO V Narayansamy has conveyed to the party that de-regulation of diesel was not government's priority. State-controlled Oil companies had lost Rs 80,000 crore in the year ended March 31 on...

As news of record food grain production trickled from the corridors of the agriculture ministry, officials of the storage wing in the adjoining food ministry began working overtime to save the department the embarrassment of plenty. Food minister KV Thomas is under pressure to ensure that the tOil of farmers is not wasted. "It's my duty to make sure that food grains don't rot. We are on our way to create...

-The United Nations A sustained rise in prices for raw natural resources and basic agricultural goods is defying long-standing patterns and appears to be hurting poor nations through rising food and fuel costs more than it is helping them through higher revenues for their commodities exports.   That was one of the findings of the Commodities and Development Report 2012, a study launched at the 13th session of the UN Conference on Trade...

-Reuters Latest World Bank food price index showed the cost of food rose 8% between December and March Global food prices are rising again, pushed higher by costlier Oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said on Wed nesday. The latest World Bank food price index showed the cost of food rose 8% between December and March. In the...

The economic crisis, the ecological crisis and the food crisis are a reflection of an outmoded and fossilised economic paradigm. It is a paradigm that grew out of mobilising resources for the war by creating the category of “growth”. It is rooted in the age of Oil and fossil fuels. It is fossilised because it is obsolete, a product of the age of fossil fuels. If we have to address...