AS YOU drive west from Baroda — Gujarat’s cultural capital — towards the coast, it is hard not to marvel at the smooth, fourlane Vadodara-Bharuch National Highway Number 8, which gets you there. The only signs that suggest one is not on cruise control in an SUV somewhere on an expressway in America are occasional roadside dhabas with Indian names and poor passers-by, clad in saris or dhotis. Dwarfed by...
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New data system reveals yearly food inflation at 13.39 per cent by Ashok Dasgupta
In a more realistic and less confusing picture of the situation, the new wholesale price data monitoring system introduced on Thursday revealed that inflation of food articles soared by 13.39 per cent year-on-year during the week ended October 24, mainly owing to a surge in potato and onion prices, even as inflation for primary articles declined by 0.11 per cent on a weekly basis. As per the new data collation system,...
More »World unemployment up despite economic recovery
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in many of the world's largest economies. Unemployment data typically lags other indicators of economic health as companies hold off adding staff in the early stages of a rebound. The upturns recorded recently in...
More »The pros and cons of bioFuels
More suggestions that bioFuels are not an environmental free lunch ONCE upon a time, bioFuels were thought of as a solution to fossil-Fuel dependence. Now they are widely seen as a boondoggle to agribusiness that hurts the environment and cheats taxpayers. A report commissioned by the United Nations endorses neither extreme. It gives high marks to some crop-based Fuels and lambasts others. Meanwhile, two papers published in Science, a leading...
More »Agriculture and Food Security Initiative Gains Momentum at G20, World Bank-IMF Meetings
Some 800 million people in the world were malnourished even before the food and economic crises hit. Now a push to confront this longer-term problem is picking up steam. Leaders at recent global gatherings agreed to back a multibillion dollar initiative to boost agriculture and food security in low-income countries. Discussions on the overall design and level of funding are continuing. In September, the G20 asked the World Bank to...
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