With food prices showing no signs of abating and the impact of the Fuel price hike in the latest budget making its presence felt, inflation moved fast towards the double-digit mark, touching 9.89 per cent in February, the highest in 16 months. The wholesale price-based inflation stood at 8.56 per cent in January. This could well cross the double-digit mark in March, experts said. Finance Minister Pranab Mukherjee had earlier said the...

Union Petroleum and Natural Gas Minister Murli Deora inaugurated the Rajiv Gandhi Grameen LPG Vitarak Yojana as a national scheme for providing liquefied petroleum gas to the rural households at Lachhmangarh in Sikar district of Rajasthan on Sunday. Six dealers were selected for rural locations in the State through draw of lots. Addressing the gathering, Mr. Deora said the Union Government was committed to providing convenient and hygienic cooking Fuel to...

Food inflation rose marginally to 17.87% for the week ended February 20 on the back of higher prices of milk, wheat, rice and vegetables. The figure in the previous week was at 17.58%. On an annual basis, price of rice increased 10%, wheat 14%, pulses 35%, onions 11% and potatoes 28%. Inflation in Fuel, power light and lubricant group was 9.59%, slightly lower than 9.89% in the previous week. However,...

It is not just the irony. Environment Minister Jairam Ramesh had recently over-ruled the clearance by his ministry’s Genetic Engineering Approval Committee for the cultivation of Bt brinjal, thereby placing an indefinite moratorium on this genetically modified vegetable. But the Philippines, considered a pioneer in food research, have chosen to rely on that very report of the GEAC. That country’s science and technology minister has written a letter praising the...

Environmental groups have questioned assertions by sections of scientists and the biotechnology industry that genetically-modified (GM) food crops could play a crucial role in ensuring food security. More than 180 GM plants have so far been field tested in several countries, but few have progressed to the stage where commercial seed is available to farmers, the non-government environmental network called Friends of the Earth (FoE) has said. “GM crops are...