-The Hindustan Times In his Independence Day address, Prime Minister Manmohan Singh said the rupee is down because of the global economic crisis. A look at the events of the last decade reveals otherwise. When the global economy was doing well between 2002 and 2008, the rupee was stable at about Rs. 45 to a dollar. When the global crisis erupted in 2008 and continued until 2012, the rupee held stable...

-The Economic Times NEW DELHI: Big-ticket investment projects worth Rs 1.1 lakh crore, stuck for years for want of myriad government clearances, have finally got the green signal to start operations. The Centre has unravelled last-mile hurdles holding up 28 such projects at a time Prime Minister Manmohan Singh has identified the government's primary task as reinvigorating confidence in the Indian economy, with domestic players having virtually abandoned fresh investments. The clearances would...

-The New Indian Express In 1948 when the United Nations passed the covenant ensuring the right to food, vis-à-vis the right to proper livelihood, to which India became a signatory, it did not envisage that the whole issue would be caught up in such an imbroglio - political and economic - as one witnesses today. The original covenant in article 25 ensures the "right to work and livelihood" and right to...

-Outlook New Delhi: Prime Minister Manmohan Singh today said rural per capita consumption has increased four times faster than earlier due to enhanced economic prosperity in rural areas and BIMARU states have witnessed progress. "Many states which had been considered backward for a long time, with some of them being called BIMARU are now progressing," Singh said in his Independence Day address to the nation. The BIMARU states are four northern Indian states...

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...