Prices across the three segments food, industrial goods and oil that determine inflation rising, the year-end inflation targets have been revised. The government had earlier estimated end-March inflation at 6% but RBI now has raised it to 7%. The Food and Agriculture Organisation has raised an alert over a potential spike in global prices of sugar and cereals, especially wheat. Though India might just get away thanks to a bumper output...

Twice every year, between 1981 and 2000, a helicopter would whirr around the hills of the Western Ghats in Kasargod, a district in north Kerala bordering Karnataka, spraying endosulfan over the cashew plantations on the upper reaches. Children would rush out to take a look at the helicopter and the white spray would settle like mist on their heads and on leaves and shimmer in the sunlight. But that’s also...

The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

The Food and Agriculture Organisation has raised the red flag over a potential spike in global prices of sugar and cereals, especially wheat. Although India might just get away thanks to a bumper output this year, it could get caught in the spiralling milk and edible oil prices. In any case, the government has virtually thrown its hands in the air on taming fruit and vegetable prices. But it isn't just...

Lone absconding accused arrested Co-accused produced in juvenile court As 15 lakh State government employees and gazetted officers went on strike on Thursday to protest the gruesome killing of Additional Collector of Nashik Yashwant Sonawane, the State government cracked the whip on the oil, sand and milk mafia in the State. “In the last 36 hours, we have arrested 170 persons in raids conducted across the State,” K.P. Raghuvanshi, Additional Director-General of Police,...