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Food prices expected to be less volatile than in recent years, says UN agency

-The United Nations Improved supplies and a recovery in global inventories of cereals has led to less price volatility than in recent years, the United Nations Food and Agriculture Organization (FAO) said today, adding that food prices over the past month rose slightly, driven by higher sugar prices. "The prices for most basic food commodities have declined over the past few months. This relates to production increases and the expectation that in...

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Parikh panel wants diesel price hiked by Rs. 5

-The Hindu     Recommends six subsidised LPG cylinders per household in a year The Government-appointed Kirit Parikh Committee has recommended a price increase of Rs. 5 per litre in diesel, Rs. 4 per litre in kerosene, and Rs. 250 in LPG cylinder with immediate effect. It has also recommended that the subsidised LPG cylinders be reduced from the present nine to six cylinders per annum to each household. It has pitched for capping the...

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India’s weight of the world moment -Vani S Kulkarni, Veena S Kulkarni and Raghav Gaiha

-The Hindu As the country develops economically, its double burden of malnutrition and its health implications will increasingly affect women and those who are socio-economically weak India has one of the highest burdens of underweight women in the world, with rising obesity levels. Using the World Health Organisation classification based on body mass index, or BMI (the ratio of the weight of the body in kilograms to the square of its height...

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$15 bn rollover of subsidy costs into next budget?

-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...

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Headlines Today cameras capture trucks diverting PDS wheat meant for Delhi's poor to private flour mills -Harish Sharma and Arun Singh

-India Today   The UPA government and the Congress leadership might be patting themselves on the back talking big about the recently passed Food Security Bill, but their promises look far from delivery given the existing state of Public Distribution System (PDS). In a sting operation carried out by Headlines Today special investigation team, hidden cameras caught the pilferage of grain meant for distribution among the national capital's poor people under the PDS....

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