Inflation in India rose above expectations in April, making life difficult for the nation's central bank as it tries to revive an economy facing increased stagflation risks. The Reserve Bank of India last month cut its policy rate for the first time in three years to boost sagging growth. But inflation has remained stubbornly high, raising concerns the economy may be facing a nightmare scenario of slowing growth and rising prices. On...

-The Indian Express India's wholesale price inflation accelerated 7.23% in April, compared with 6.89% in the previous month, as food and manufactured items turned dearer, heaping pressure on the central bank against any dovish approach to monetary easing despite shrinking economic activity. The government has revised up the inflation figure for February to 7.36% from 6.95% estimated earlier, according to the data released by the industry ministry on Monday. Prices of food articles...

-PTI   Agriculture experts expressed concerns over shrinking of farm land by nearly 0.2 million hectares and suggested enacting strong legislation to stop shifting of land for non-farming purposes. According to government statistics, the cultivable land in the country has come down to 182.5 million hectares during 2009-10 compared to 182.7 million tonnes during 2005-06. Director General of ICAR (Indian Council of Agricultural Research) S Ayyappan said shrinking of farm is a matter of...

Pawar’s Report Card The Negatives     Per capita availability of cereals and pulses has fallen in last eight years     No improvement in irrigation, 60% of agriculture still dependent on monsoons     Farmers growing cereals, sugarcane, oilseeds and pulses assured higher MSP, but majority don't benefit     Production up, but not productivity. Farmer suicides are on the rise.     Poor market advisory on exports being misused to buy cheaply from farmers and make profits overseas     Pawar...

-PTI Charging the government with showing apathy towards the grievances of farmers, Leader of Opposition in Lok Sabha Sushma Swaraj on Saturday insisted that the proposed Food Security Bill should be formulated after discussing the issues with those involved in the agriculture sector. “Government wants to bring a Bill which aims to provide food security to the people. Then a person who does not get food can go to court. Such a...