-The Hindu India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol The public and media were outraged recently after a suggestion that petrol stations could be closed from 8 p.m. to 8 a.m. to curb consumption. Oil import is the heaviest burden on India's foreign exchange, at $144 billion last year. The situation could get worse, given the potential for an increase...
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Wasted food for thought
-The Hindu That one-third of the food produced annually for human consumption is wasted is in itself unconscionable in a world where 870 million, or one in eight people, go hungry every day. A United Nations Food and Agriculture Organisation report now says that this high volume of wastage that occurs right through the food supply chain exerts an adverse impact on land, water, biodiversity and climate change. This impact...
More »Inflation at 6-month high on onions
-The Times of India NEW DELHI: The rate of inflation accelerated to a six-month high in August on the back of spiralling onion prices, posing yet another challenge for RBI ahead of the monetary policy review as it struggles to tame volatility in the foreign exchange market. Data released on Monday showed the wholesale price index (WPI) rose an annual 6.1% in August, higher than previous month's 5.79%. The inflation rate...
More »New land bill puts people first, govt’s message is clear 'India won't be China' -Zia Haq
-The Hindustan Times Investors say the new land acquisition bill approved by Parliament this week has made things more difficult. Pro-farm civil-society advocates say it hasn't gone far enough to protect farmer interests. If both sides are unhappy, an inside joke goes, it must be a pretty good legislation that has struck the right balance. The debate over land acquisition, however, is no laughing matter. In a country where half the people live...
More »Indian economy destroyed by mindless consumption -Bharat Jhunjhunwala
-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...
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