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Food prices remain steady during November, UN agency reports

-The United Nations   Global food prices in November were virtually unchanged from October, and 10 per cent below their peak in February, the United Nations Food and Agriculture Organization (FAO) reported today. FAO’s Food Price Index level was 215 points last month – just two points, or one per cent, above its level in November 2010, according to a news release issued by the Rome-based agency. Cereal prices dropped by 3 points, or...

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Black money: BJP MPs to give declarations tomorrow of not having illegal money in foreign banks

-PTI   BJP MPs will submit tomorrow declarations to the presiding officers of their respective Houses of Parliament, stating that they do not have any illegal money stashed in any foreign bank or tax haven abroad.  BJP leader L K Advani had announced on the completion on his nation-wide yatra against black money and corruption that all party MPs will submit declarations that they do not have any illegal funds in Swiss banks...

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Markers and Supermarkets by Sukanta Chaudhuri

Some time ago, newspapers in Britain carried full-page advertisements from the curiously named British Pig Association. This consortium of pig farmers was clamouring publicly that the supermarket chains were squeezing the farmers dry. Alongside them, Britain’s dairy farmers complained that a supermarket cartel was paring down their prices, while production costs went up and up. These farmers too have powerful lobbies; they are still in business. To this end, Britain, like...

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CAG Vinod Rai to head UN audit panel

-The Times of India   The Centre has been critical of the Comptroller and Auditor General (CAG) for taking out a series of adverse findings on government policies, but the contribution of the apex auditor seems to have been recognized by the United Nations which has appointed CAG Vinod Rai as chairman of its panel of external auditor. Rai as chairman will oversee the audit of the International Atomic Energy Agency (IAEA), besides...

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FDI policy suspended for now for peace in Parliament

-IANS The deadlock in Parliament over the government's decision to allow foreign direct investment (FDI) in retail ended on Wednesday after an all-party meeting passed a resolution to suspend the move till a consensus was reached. Both houses of Parliament functioned normally and took the crucial Question Hour for the first time since the winter session began on November 22. Finance minister Pranab Mukherjee who chaired the meeting made a brief statement in...

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