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Seasonal variations in food prices dropped: RBI study

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...

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Low foodgrain production in high-yielding states: Study

-The Business Standard   Rajasthan, Maharashtra, Jharkhand, and Karnataka have shown high-growth momentum in agricultural foodgrain production during the last five years and have the potential to contribute significantly to India’s foodgrain basket. The share of these low-foodgrain yielding states in the total foodgrain production of India have improved from 17.4 per cent to 19 per cent during 2002-06 period over 2007-11 period. However, the contribution of the states with high-yield foodgrain production like...

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‘Long-term trends in agriculture deeply disturbing'

-The Hindu   Noted Jaipur-based economist V. S. Vyas has expressed concern over “progressive diminution” of cultivated holdings which he says has led to stagnation in the yield of major crops and rendered agricultural income insufficient for farmers to make ends meet. A sharp decline was also being witnessed in per capita Food Production, he said. Delivering the Tarlok Singh Memorial Lecture at the University of Hyderabad over the weekend, Professor Vyas said...

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Maruti Suzuki shuts Gurgaon plant for 2 days; Manesar strike on

-PTI Maruti Suzuki India shut its main plant at Gurgaon for two days starting today due to component supply constraints from SPIL, where workers are on a stir in support of the striking colleagues at the country's largest car-maker's Manesar plant. "Maruti Suzuki has decided to suspend production at the Gurgaon plant on October 14 and October 15. This is in view of the non-availability of components for cars," the company...

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Blame China for the stubborn and high Inflation by Smriti Seth

There is a China hand in India's inflation, one important reason why the steady rise in interest rates may not be cooling the high inflation. About 25% of imported inputs that go into manufacture of goods produced locally are imported from China. In addition, a third of consumer goods imported into India come from China. The inflation in goods exported by China was 10% in July, much higher than its overall...

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